The 2021 Election and the Decriminalization of Psychedelics in Canada

The decriminalization of psychedelics in Canada is arguably the next logical step after the legalization of cannabis. However, drug reform was not a major highlight of the most recent Canadian elections. To be fair, it almost never is. Nevertheless, it continues to disappoint to see major political parties yet again ignore the popularity and potential […]

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A Personal Experience: Mushrooms in Vietnam

“I had taken Ketamine in India, Acid in Thailand and Ecstasy in Berlin – but this was by far my favourite experience”

All great things in life come in pairs, don’t they? Knife and fork. Cheese and crackers. Fish and chips. Key and Peele. Lilo and Stitch. Mushrooms and Vietnam. Sometimes two things come together and perfectly unite in a beautiful way. This was the case with my experience when taking mushrooms in Vietnam. Despite what people may tell you of all the negative stories of psychedelics abroad, my experience was fortunately mind blowing. Was I just part of the lucky few? Who knows. Today I’m going to talk to you about the beautiful world of mushrooms, the beautiful land of Vietnam, and my beautiful experience from taking mushrooms in Vietnam. If you’re a psychedelic-fan then you’ll enjoy this story, if you’re not, then perhaps your mind will be altered. Let’s delve into it. 

Psychedelics are incredible. The therapeutic potential is staggering and the market is steadily growing. By far, the most popular psychedelic is still THC. For more articles like this one, and for exclusive deals on delta-8 THCdelta-9 THCTHCVTHCPdelta 10HHCTHC-O and other legal THC products, make sure to subscribe to The Delta 8 Weekly Newsletter, your top-source for all things cannabis-related.


During my late teens and early twenties I was lucky enough to travel to far away parts of the world. Although many places I went to caused me to feel the famous ‘culture shock’, each place I arrived at, I was greeted by gorgeously kind people, and open-mindedness was rife. It changed my perception of the world. If you haven’t ever had the chance to then you must; travelling is a necessity for everyone (whatever age you are). As J.R.R Tolkien, author of Lord of the Rings, once said:

“Still round the corner, there may wait, a new road or a secret gate”

What one can take from this somewhat ambiguous quote, is that life will often greet you with new experiences if you have the courage to turn that next corner. That’s how I felt when I first arrived in Vietnam. 


Vietnam is a country in South-east Asia, and is most known for its incredible beaches, wildlife, motorbiking trails and bustling cities. If you were to look at the nation on a map, it looks a bit like the letter S, winding its way down the coast of South-east Asia. The old leader, Ho Chi Minh, who now has the capital city named after him, was responsible for claiming Vietnam’s independence in 1969. 

Vietnam War

Vietnam has always had the reputation of being a highly tropical place. Even during the American-Vietnam war (1955-1975), many American soldiers were sold a propaganda dream of beautiful beaches and amazing greenery. Furthermore, they were sent to hunt and destroy a communist ideology. In the end, both seemed to be lies and the devastation of the Vietnam war hit both sides demonstrably. Whilst Vietnam’s beautiful scenery is unquestionable, those involved in the war did not have the time or strength to stop and enjoy it. The Vietnamese were able to use their knowledge of the forests, and attack Americans with gorilla warfare, which US soldiers would not have been used to. There were no front lines, or back lines, anywhere was a threat. Both the Vietnamese and the American soldiers were unjustly killed due to deceitful politicians…yet again.

Visiting Vietnam 

When deciding to visit Vietnam I was of course influenced by its incredible lustrous and interesting history. I had learned about the Vietnam war through history lessons and films, and I had seen images of the incredible landscapes. It was somewhere I had wanted to visit since I was a boy. However, I also wanted to visit because I had heard that Vietnamese psychedelics were supposed to be incredible – and those mixed with the unbelievable scenery of Vietnam was something I knew I wanted to experience. It was one for the bucket list. However, drugs in Vietnam are not accepted like drugs in Europe or America. In fact, they are extremely illegal. I use the word ‘extremely’ because using certain drugs in Vietnam can lead to the death penalty.

Mushrooms in Vietnam 

Drugs in Vietnam, and South-east Asia in general, are very much illegal. Although you may smell cannabis on the streets, or see many street-dealers waving baggies at you, don’t be fooled. Drugs are very much unlawful. The irony is that:

“American soldiers in Vietnam began using drugs while off duty to help cope with all their struggles during the war. The Department of Defense reported in 1971 that by that time, 51% of soldiers had smoked marijuana, 28% had consumed heroin or cocaine, and 31% had used psychedelics such as LSD or mushrooms”

However, despite this fact, the truth is that nowadays, Vietnam does not want people selling or using drugs. The consequences are huge

“Penalties for drug offences are severe. Under the Vietnamese penal code, a person caught in possession of even a small amount of heroin can be sentenced to death. There are over two dozen foreigners currently serving life sentences or facing the death penalty for drug trafficking offences”

It isn’t just heroin that can lead to such insane prosecutions. If you’re found with cocaine, ecstasy or even enough cannabis, you can also be sentenced to death. Whilst I was travelling out there, I met someone who’s father had recently been sentenced to death for possession of 5 grams of cannabis. It sounded as if he was finding a way to be released, but seriously, imagine if you didn’t have the connections to resist! 

My Experiences of Mushrooms In Vietnam 

As you can see, whilst Vietnam might seem like a fun-loving, drug-accepting place full of open-mindedness, it still has very very strict laws. However, most of the time, when you’re out of the authorities eye-line, it is a very free place. I took a few months out of my life and decided to travel from the top to the bottom: Hanoi to Ho Chi Minh. It’s a classic route that many backpackers take. There were many stops along the way in a variety of different cities. I was fortunate enough to rent a motorbike and do the Hai Van Pass, which is one of the most beautiful roads in the world. In addition, I got to see the wonder-of-the-world: Halong Bay.

The trip was a psychedelic journey even without psychedelics. However, drugs were still on my mind; and something that I knew I needed to find and to try. During my journey I was greeted by many people who spoke about these cannabis cafes, or ‘high bars’ as they were called. They were tucked away in forests and on mountains and were not the easiest to find. I remember one day spending 6 hours trying to find one, going down dirt tracks and insanely steep hills, only to eventually give up. Google Maps could only get me so far.

But in one small town, I was finally directed to one. I went with a few people I had met in the hostel I was staying at, and we jumped on our mopeds and began the voyage. It took an hour or so, and we had to park a little down the track as it wasn’t the type of road a moped would survive on. But eventually we arrived, sweaty and a bit irritated by the long walk. However, the view was something that would turn any sweaty, irritated person into a bundle of joy. The whole place was made out of bamboo, with beautiful carpets to lie on, and small tables to sit by. It felt like a Buddhist Temple for the psychedelic-lovers. There was subtle trance-music playing quietly, which was a beautiful addition to the atmosphere of the place. Plus, as if it couldn’t get any better, the sunset was only hours away. 

I was excited to say the least. Once we’d settled and found a place to sit. I walked up to the counter and was greeted by a very smiley Vietnamese woman. I asked her if she had any of the ‘special shakes’, which were written all over the menu board. She replied: ‘Yes’. I had assumed these ‘special shakes’ were simply THC milkshakes. I wasn’t devastated because any experience would have been wonderful. However, before I was able to say anything else, she asked, ‘mushrooms or weed’? My dream had been answered. I was almost speechless with joy.

However, I found it in myself to reply, ‘mushrooms please’. And that was it. We ordered a couple; for myself and the rest of my group. When it arrived, I sat sipping the off-coloured but oddly nice flavoured drink, watching the sun dip into the earth, and feeling like I’d accomplished something incredible. Something that few people would understand, but for those that did – would be connected to me forever. 

The trip was incredible. It took about an hour to begin and lasted maybe 6. There was enough natural light to accompany my trip for the majority of it, but when it became dark the amazing atmosphere of the place was good enough. I spoke to people about the world, I danced to the music, I even sat and just watched the sun. I ended up having quite an intense relationship with a cloud in the sky.

There was one particular cloud, which I had convinced myself looked like a big fluffy bear, and I had created a narrative in which this cloud was slowly moving across the world – watching over everyone and everything. I had taken Ketamine in India, Acid in Thailand and Ecstasy in Berlin – but this was by far my favourite experience.

The sad truth is, I can’t really remember all of my elaborate thoughts I had during the trip, but I knew that I felt like I’d discovered something incredible. Whilst the memory of it might not be as pure as the original experience, I’m very glad I did it. And i’m very glad I’ve now been able to write it all down. 

Mushrooms in Vietnam are something very special, and I would recommend it to anyone and everyone. It’s a journey and it may take a bit of time to get there – but when you do – it’ll be extraordinary.

Thank you for stopping by CBD TESTERS, your hub for all things cannabis-related. Remember to subscribe to The Delta 8 Weekly Newsletter to learn more about weed, and for exclusive deals on flowers, vapes, edibles, and other legal products.

The post A Personal Experience: Mushrooms in Vietnam appeared first on CBD Testers.

The Best Countries for Cannabis Tourism in 2021 and 2022

As vaccination rollouts become more efficient and travel restrictions ease up, and as a result, many avid pothead travellers will want to know the best countries for cannabis tourism in 2021 and 2022. Lighting up in the comfort of your home brings a special kind of contentment many potheads are familiar with, but after two […]

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Good Trip Guaranteed: Common Mistakes To Avoid When Using Psychedelics

Psychedelics can be mind-opening, life-changing portals that propel you into another reality of introspective thought, deep connections, and beautiful discoveries… but if used incorrectly, they can be scary and borderline traumatizing. That said, they don’t need to be avoided or prohibited, as entheogens have been a part of human culture for millennia. Responsible and informed use of these compounds is crucial – just be sure that when prepping for your psychonaut adventure, you respect their psychedelic plant power and avoid some common mistakes that can make or break your trip.

Psychedelics are fun, but if you make any of the following mistakes before or during your trip, things can get too crazy, really fast. Make sure to follow our guide to ensure a positive trip, and to learn more about rapidly-growing psychedelic industry, subscribe to The Psychedelics Weekly Newsletter.

What Are Psychedelics?

Psychedelic drugs, also referred to entheogens, are a subset of hallucinogens which contain compounds that can alter perception. The term entheogens come from Greek and can be roughly translated to mean “building the God within”. The high produced by these types of drugs is known as a ‘trip’, and can include various types of visual, auditory, and sensory hallucinations. The intensity of a trip can vary dramatically based on the specific compound and dose consumed. Sometimes, a user will experience no hallucinations at all, but rather a sense of general well-being, spirituality, and euphoria.  

If you’ve ever heard someone mention a ‘bad trip’, this means they had some type of negative side effects or maybe even scary hallucinations. Physical symptoms of a bad trip can include but are not limited to: irregular heartbeat, nausea, chills, sweating, and anxiety. Dosing and setting, among other factors, can significantly impact a psychedelic trip, so you want to make sure that you’re doing everything possible to ensure an uplifting and beneficial high.

Are They Safe?

Psychedelics are generally regarded as safe. According to the results of a Global Drug Survey that polled 120,000 regular drug users, magic mushrooms were the safest recreational drug, along with cannabis. Their method at determining user safety was by comparing the drug used to the amount of required emergency room visits. Only 0.2% of the nearly 10,000 mushroom users surveyed had ever required emergency care, compared to the 1.0% of those using harder drugs like ecstasy or cocaine.

Furthermore, new research suggests that certain psychedelic substances can help relieve anxiety, depression, PTSD, addiction and numerous other mental health disorders. “The biggest misconception people have about psychedelics is that these are drugs that make you crazy,” says Michael Pollan, author of the new book How to Change Your Mind: What the New Science of Psychedelics Teaches Us About Consciousness, Dying, Addiction, Depression, and Transcendence. “We now have evidence that that does happen sometimes — but in many more cases, these are drugs that can make you sane.”

Good Trip Guaranteed: Common Mistakes to Avoid on Psychedelics

Again, just because psychedelic drugs are typically safe that doesn’t necessarily mean you’ll have a perfect experience with them. When partaking, it’s very important to set the mood beforehand to make sure everything goes smoothly and reduce your likelihood of having a bad trip. Avoiding the following mistakes will ensure that your experience with psychedelics is a positive one

Pick the right setting

Psychologist and author, Timothy Leary, could not emphasize it more… “set and setting” are of utmost importance when it comes to having a happy and therapeutic psychedelic trip. The general consensus is that it’s best to avoid unfamiliar situations, especially if you’re a novice user, and you should do everything possible to construct a safe and relaxing tripping environment BEFORE you start your adventure.

Make sure you’re in good company

At best, being around bad company or people that make you uncomfortable can be awkward and unpleasant. At worst, hanging out with the wrong people while tripping can become a literal nightmare complete with terrifying hallucinations. I don’t know about you, but for me, vibes are everything. If I get bad vibes from someone when I’m sober, you had better believe those negative feelings will be amplified if I’m on psychedelic drugs. To make sure you have a peaceful experience, you absolutely must surround yourself with people you trust and feel completely safe around.

Do NOT Use Hallucinogens with Other Substances

Psychedelic drugs are best used alone, unless of course you choose to smoke a little bit of cannabis along with them, which can have positive effects. Harder drugs and alcohol can be dangerous as they can magnify disorientation and physical symptoms associated with bad trips (nausea, chills, etc.), and some believe that combining these types of substances with entheogens can lead to violent thoughts and hallucinations.

Your Mood Impacts Your Trip

If you’re in a bad mood beforehand – feeling anxious, nervous, stressed, scared, or going through some sort of existential crisis – you might want to hold off on the psychedelics. Sure, when used therapeutically in a clinical setting, they can change your thoughts for the better. But if you’re inexperienced and grappling with dark thoughts, hallucinogens can amplify these and put you in a dangerously negative state of mind.

Don’t Rush

When planning your trip, it’s important to keep in mind that certain hallucinogens – mushrooms and LSD, for instance – can produce highs that last for up to 8 hours. Make 100 percent sure that you have enough time to complete your trip and come down from it properly without any type of activity or responsibility getting in the way. If you feel like you’re rushing and have too near of a cutoff time before getting back to reality, you could end up with a veil of dread and anxiety over your experience.

Final Thoughts

All in all, taking psychedelics successfully is not complicated or daunting in any way if you avoid making the above mistakes. Just be sure to keep a few things in mind, get your setting and company right, and don’t mix psychedelics with stronger drugs, and you can almost guarantee that your trip will be open, joyous, and transformative; rather than the complete opposite. Have you ever had a bad trip on psychedelics, and if so, was it related to any avoidable mistakes? We’d love to hear your thoughts, drop us a line in the comment section below!

Thank you for stopping by CBD TESTERS, your hub for all things relating to cannabis and psychedelics. Don’t forget to subscribe to The Delta 8 Weekly Newsletter for more articles like this one and exclusive deals on flowers and other products.

The post Good Trip Guaranteed: Common Mistakes To Avoid When Using Psychedelics appeared first on CBD Testers.

End of Psilocybin Prohibition? Health Canada receives proposed regulations

A BC company is pushing to regulate magic mushrooms and recently submitted a proposal to Health Canada. TheraPsil is a non-profit organization that advocates for safe access to medicinal mushrooms. They believe that the use of psychedelics should be between a doctor and a patient. Using the first federal cannabis regulations as a guide, they […]

The post End of Psilocybin Prohibition? Health Canada receives proposed regulations appeared first on Latest Cannabis News Today – Headlines, Videos & Stocks.

Mexico’s Magic Mushroom Tourism Industry

The term ‘cannabis tourism’ denotes a well-known concept. People travel to destinations where they can specifically take part in cannabis consumption activities. Cannabis is not the only drug that drives tourism though, as Mexico’s burgeoning magic mushroom tourism industry implies. Yes, Mexico is known for cartels and tequila, mariachi and sombreros. And now magic mushrooms too. Psychedelic tourism is definitely on the rise.

Of all the psychedelics, THC is still the most popular one. For THC users who have a problem with the anxiety or experience paranoia, the alternate delta-8 THC might be preferable. If you think you could benefit from this altered version of THC, take a look at our awesome delta-8 THC deals, and try it out for yourself.

Maria Sabina and Oaxaca mushrooms

Different parts of Mexico are known for different things. Like the town of Tequila, which is the actual birthplace of one of the most popular liquors throughout the world. As it happens, the state of Oaxaca, Mexico is known for its very own thing, as the main point of Mexico’s magic mushroom tourism industry. The Oaxaca highlands area, like San Jose del Pacifico, is specifically known for magic mushrooms and the related tourism, particularly between July and October.

Travelers come to Oaxaca for mushrooms, both from within Mexico, and from all over the world. Magic mushrooms were first discovered in Mexico by Spanish friars, during the time that Mexico was being colonized. Oaxaca mushrooms (or ‘hongos’ in Spanish) were brought into prominence in this area by witch doctor – or Mazatec curandera – Maria Sabina, who used them in her work.

She worked with many rich and powerful people who wanted the benefits of the mushrooms. She became well-known to the public in 1955 when the article ‘Seeking the Magic Mushroom’ written by R Gordon Wasson, the vice-president of JP Morgan, was published. It was this semi-stardom that made her, and her mushrooms, known to Timothy Leary, the Harvard psychologist who went on to become a leading advocate for psychedelics.

Mexican magic mushrooms

Timothy Leary wasn’t the only well-known name to have been inspired by Maria Sabina. In the 1960’s – the era of the hippie, psychedelics were rather big for both individual use, and in celebrity culture. That general area of Oaxaca was visited in this decade by members of the Beatles, the Rolling Stones, Jim Morrison of the Doors, and Bob Dylan, all to take psychedelic mushrooms.

These mushrooms are a big part of local Zapotec culture, and are used for religious and traditional purposes. Law enforcement tends to ignore these uses by indigenous cultures, even though the mushrooms are illegal. In the Zapotec culture, children as young as six-years-old can consume mushrooms as part of their rituals. In fact, the current influx of tourists has done much to disrupt local culture in the area, and has worked to drive a large magic mushroom scam market as well.

Mexico’s magic mushroom tourism industry has brought so many people to Oaxaca, and places like San Jose del Pacifico, and Huautla de Jimenez, where Maria Sabina used to operate from, that tourists getting off the buses in some of these areas can expect to be met by children, waiting to take them to where they can find mushrooms.

What are magic mushrooms? And what are psychedelics?

Magic mushrooms are a grouping of fungi that can grow wild, or be cultivated. Mushrooms with this designation contain psilocybin as a primary psychoactive compound, though many mushrooms contain other psychoactive compounds as well, like Psilocin. Examples of mushrooms in this category include: Psilocybe (the most well-known), Panaeolus, and Conocybe. Mushrooms are often purchased dried out, but can be consumed raw as well. Mushroom trips generally last around six hours.

Both psilocybin and psilocin are hallucinogenic compounds that are both serotonergic, or acting on serotonin receptors in the brain. Magic mushrooms are known for promoting feelings of euphoria, altered mood and perception, distortion in time and reality, heightened feelings of connection between people, intensified feelings of spirituality, and an increased level of introspection.

Psychedelics, the class of drugs that psilocybin and psilocin are known as, is a subset of hallucinogenic drugs, which itself is a subset of psychoactive drugs. Psychedelics are known generally for causing the kinds of effects experienced through magic mushrooms, with altered perception, cognition, and mood, euphoria, spirituality, connectedness, and the rest. Very infrequently are psychedelics associated with unwanted effects and bad trips if dosing is done correctly, but negative effects like increased heart rate, anxiety, sweating, and nausea, are possible.

Mexico's magic mushroom tourism

Recently there has been a renewed interest in psychedelic testing. This is a general continuation of what was started in the mid 1900’s with LSD and psychedelic-assisted therapy, in which the patient is given a psychedelic drug, and then guided through the experience by a professional, who can help the patient use the drug to mentally work out their issues.

Legality of magic mushrooms

Mushrooms are interesting because they fall into a legal loophole in many places of the world. The magic mushroom loophole goes like this: the active psychedelic compounds found in mushrooms, like psilocybin and psilocin, are schedule I drugs according to the Convention on Psychotropic Substances, a UN international drug scheduling treaty meant to police the use, production, and sale of different substances throughout the world. Many countries, like the US, also have drug scheduling laws of their own, and many put these compounds in schedule I of local legislation.

What creates the loophole with magic mushrooms, is that the mushrooms themselves are perfectly legal, and under no global treaty regulation. Under international law, its legal to have the mushrooms, but the compounds inside are illegal. Plus, many places (like Mexico) make designations about how the mushroom is grown, to determine legality.

It’s just like the industrial hemp loophole, which allows industrial hemp to be grown in places where cannabis consumption is illegal, thereby giving residents a way to consume hemp outside of the law. This same loophole also covers products like delta-8 THC, which can be sourced from the *legal THC in hemp plants, thereby creating a compound that is technically illegal according to what it is, but produced completely legally, and not actually mentioned by name in the law.

Putting these drugs in schedule I of drug legislation implies that the compounds are dangerous, addictive, and with no medical benefit. A line like this starts to sound sillier and sillier as it keeps being applied to substances that are so clearly not in that category. And it brings up the question of how we’re supposed to be protected by such laws, and the people who put them in place.

In 2001, this loophole was made all the more clear on a global level, when the (INCB) International Narcotics Control Board (the independent organization that monitors how UN international drug treaties are implemented) secretary of the board, Herbert Schaepe, made the following statement in answer to a question by the Dutch Ministry of Health:

“As a matter of international law, no plants (natural material) containing psilocine and psilocybin are at present controlled under the Convention on Psychotropic Substances of 1971. Consequently, preparations made of these plants are not under international control and, therefore, not subject of the articles of the 1971 Convention.”

Is Mexico’s magic mushroom tourism industry illegal?

Magic Mushrooms Mexico

When it comes to Mexico, the 1984 Ley General de Salud outlaws both psilocybin and psilocin, and even goes farther than the US, specifically mentioning psilocybin-containing fungi as a whole, to be illegal. The law even calls out a few specific species like: Psilocybe Mexicana, and Psilocybe cubensis. Native cultures using mushrooms are not held to enforcement of this law, and wild-growing mushrooms are actually legal!

What is very strange, is that when Mexico signed an amendment to the General Law on Health and the Federal Penal Code in 2009, that both LSD and MDMA were included in the list of drugs that were decriminalized, but magic mushrooms and their compounds, were not. This could, perhaps, be related to the ability for self-cultivation with mushrooms. The idea of decriminalized mushrooms might be a little scarier to big business. After all, once it becomes like cannabis, where personal-cultivation is a regular thing, it will be harder for biotech and pharmaceutical companies to control the industry.

And how likely is a pharmaceutical industry for magic mushrooms? Considering they are already used in tons of places, and that the US’s FDA named magic mushrooms as a ‘breakthrough therapy’ for major depression in 2009, it looks like there certainly will be.

According to the FDA, this “designation is for a drug that treats a serious or life-threatening condition and preliminary clinical evidence indicates that the drug may demonstrate substantial improvement on a clinically significant endpoint(s) over available therapies.” This is literally meant to quicken the development of products. If the FDA is pushing this hard for magic mushroom products, it’s a good bet there’s an industry waiting to erupt, and a full legalization might not happen until that time.

Experience Mexico’s magic mushroom tourism industry

If you’re looking to take advantage of Mexico’s magic mushroom tourism, you’ll probably want to head to San Jose Del Pacifico, which is a three hour drive from Oaxaca city, and about 3.5 hours from the Pacific coast. If you simply make it there, you probably won’t have to look too hard, since, as mentioned, the area caters to this tourism. In fact, it’s quite possible that the attendant at your hostel or hotel might ask you if you’re interested. One mushroom trip should cost about $200-250 pesos, but this could vary between locations.

Of course, if you’d rather find them yourself, you can do that too. Just be wary since picking the wrong mushroom could mean a pretty nasty death. If you want to pick them yourself, head to that region between July and October, which is the rainy season. Heading between June and August will likely net the best results.

For those who like things more planned out, there are plenty of magic mushroom retreats like this Buena Vida psilocybin retreat, where participants can take part in a controlled ritual ceremony. Retreats can be found all over the country, as Oaxaca, often considered the capital for magic mushrooms, is not the only location for tourism. Retreats exist in the Mayan Jungle, through Bluaya. Or Life Synergy Retreat which offers retreats in Playa del Carmen, and Tulipanes.

magic mushroom retreat


The general illegality of the compounds within magic mushrooms, and the mushrooms themselves, make the legality of magic mushroom tourism questionable in Mexico. However, it seems to be acceptable for ceremonial use, and when found in the wild. The latter is very important here, because it means if the mushrooms are not being officially cultivated – by you or a company – they’re actually perfectly legal.

In that sense, anyone can legally walk into the woods at any time, and legally pick and use magic mushrooms. Any retreat that incorporates these aspects of the law, can operate perfectly legally. As the general world of psychedelic tourism grows, Mexico is sure to see even more people come through, to trip on its mushrooms.

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Disclaimer: Hi, I’m a researcher and writer. I’m not a medical professional, I have no formal legal education, and I’ve never been to business school. All information in my articles is sourced from other places, which are always referenced, and all opinions stated are mine, and are made clear to be mine. I am not giving anyone advise of any kind, in any capacity. I am more than happy to discuss topics, but should someone have a further question or concern, they should seek guidance from a professional in the relevant field for more information.

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How to Invest in Multi-Billion Dollar Medical Psychedelics Industry

As the legal cannabis market booms, another class of drugs on the horizon is getting closer to legalization, with its own impending boom coming. And that means a whole new place for investment. So as MDMA, psilocybin, and DMT work their way through medical trials, here’s how to invest in this new medical psychedelics field.

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Subscribe to the Medical Cannabis Weekly Newsletter!

What are psychedelics?

Psychedelics are a subset of hallucinogenic drugs, which themselves are a subset of psychoactive drugs. Whether made in a lab like LSD, or found in nature like psilocybin or peyote, psychedelics are known for causing ‘trips’. When a person is tripping, they may have altered perceptions of the world around, experience/feel/taste/see/hear things that are not real (hallucinations), feel a heightened sense of connection to those around them, experience euphoria, feel a sense of spirituality and connectedness with the universe, and a greater sense of self-introspection. A large percentage of psychedelics are serotonergic, meaning they effect serotonin receptors in the brain, though they can do this in different ways.

Some drugs like DMT produce short trips of less than an hour in duration. While other drugs like LSD, psilocybin, and mescaline can cause trips that last for many hours, as many as eight or ten. Sometimes people experience bad trips in which negative, or even scary, hallucinations are experienced, and/or a rapid heartbeat, sweating, nausea, disorientation, and fatigue occur. There is indication that the majority of these symptoms can be controlled through proper dosing. In fact, many therapeutic psychedelic users consume the drugs in micro-doses.

All psychedelics are Schedule I in the Convention on Psychotropic Substances, a drug scheduling treaty which defines the legality of different compounds globally. Starting with the Staggers-Dodd bill in 1968 which illegalized LSD and psilocybin, and finishing with the placement in the Convention, making all such substances illegal to buy, sell, or consume, with no purported medical value.


Psychedelics have been used for thousands of years, all throughout the world, though their uses in medicine in the mid-1900’s, and proposed uses today, are generally different than the shamanistic/ritualistic way they were primarily used in history, although this is not to say that there were not traditions that did use psychedelics therapeutically. Technically, if a shaman is consuming ayahuasca to get rid of demons, I suppose that could be thought of as therapeutic anyway.

Medical psychedelics research

Psychedelics, particularly, LSD, were introduced to modern medicine around the 1950’s after Albert Hoffman synthesized the compound in Switzerland in 1938. Several psychotherapists at the time, like Humphry Osmond and Ronald Sandison caught onto the idea, bringing these treatments to England and America. Hoffman conducted, among other research and therapy, the Saskatchewan trials, and ultimately came up with the idea of ‘psychedelic therapy’ in which a single large dose of LSD was given along with therapy sessions.

‘Psycholytic therapy’ is what Ronald Sandison’s version became known as in the UK, with the difference being that Sandison’s treatment style was to do multiple sessions with smaller amounts of the drug that increased through the process. Both doctors found great success particularly with alcohol addiction. How much success? According to the Saskatchewan trials, as many as 40-45% of drinkers were still not drinking a full year after the therapy session.

Unfortunately, when the drugs were made illegal, all ability to continue such treatments ended, and the ability for research into the field was completely stymied, and did not pick up again until much more recently. However, to give an idea of the massive turnaround that has been going on when it comes to psychedelics, consider that the US’s Food & Drug Administration (FDA), singled out both psylocibin in 2019 and MDMA in 2017 as ‘breakthrough therapies’ for depression and PTSD respectively. Such a designation by the FDA is meant to speed up research and development for products deemed necessary for health.

This indicates a desire by a US government agency to not only test these drugs, but to get them to market. And they’re all schedule I right now. One exception to psychedelics all being schedule I, however, is magic mushrooms. Though its psychoactive components like psilocybin are Schedule I, and therefore illegal, the plants themselves are not outlawed, creating a bit of gray area in terms of mushroom use, cultivation, and production. This gray area could prove useful in the future.

What can be expected?

If you’re wondering why this matters, consider how massive – and growing – the legal cannabis markets are. Well, psychedelics offer many of the same medical benefits, especially psychologically, with possibly added abilities in other departments. And they’ve proven to be very safe. As an industry in which much of it is pharmaceutical to begin with, it’s a safe bet that these drugs are going to pick up quickly. Because the pharma world is sure to take a massive interest, it gives even more reason to invest in medical psychedelics now, before everything explodes.

psychedelic-assisted therapy

So how much is it worth? I’m not the kind of writer who generally likes to get into these numbers. Every publication makes its own predictions, off its own information, and very rarely do these predictions seem to consider world changes. Whatever the size of the CBD industry was originally predicted to grow to a few years ago, that number would be invalid by now because it didn’t account for THC-based medicines growing in popularity, or legal markets, or psychedelics.

Imagine how much psychedelics could eat away at cannabis revenue. And not only that, any predictions of the future market size for psychedelics would have to take into account the still expanding cannabis markets (with more countries constantly legalizing in some form or another), and the question mark of what currently unforeseen factors could upend the trend a few years down the line. So, I’m not concerned with too many predictor numbers, but here’s just one, in order to get an idea what we’re dealing with.

PRNewswire, citing an analysis by Data Bridge Market Research, explained the forecast for 2020-2027, in which the field is expected to grow to $6.8 billion by 2027. It was worth just over $2 billion in 2019.

Best ways to invest in growing medical psychedelics field

Now that a certain barrier seems to be broken, more companies are conducting clinical trials, getting patents, and starting to get clearances for products. In fact, if you thought the psychedelics market was off limits, you’d be very much mistaken. Not only is this a growing market with a lot of possibility, but companies are already staking their claim, leaving room for you to start investing. So, if you like the idea of getting in on something before it explodes, consider investigating the following companies, and invest in the medical psychedelics field.

Much like with cannabis, Canada is quickly establishing itself as a leader in medical psychedelics, with the top companies coming out of this country. In the first half of 2020, $150 million USD was raised by six different companies: Mind Medicine, COMPASS Pathways, Field Trip Psychedelics, ATAI Life Sciences, Orthogonol Thinker, and Numinous Wellness. Mindmed and Numinous are already publicly listed companies. This is an early stage entry for investors. In fact, to give an idea of how seriously Canada is taking this, the first exchange traded fund – The Horizons Psychedelic Stock Index ETF, made its debut in January. ETF’s are like regular asset exchanges, except that they include a mix of stocks, commodities, and bonds. This exchange is solely for psychedelics.

The CEO of the fund, Steve Hawkins, said that while larger pharmaceutical companies have been admitted to the fund, the idea is to keep it mainly for smaller psychedelics companies. Companies can be added to the fund if they can tick the following boxes: be a part of a regular US or Canada-based stock exchange, be a biotechnology company focusing on medical psychedelic research, be a producer and/or supplier of psychedelic medicines, and be a company that works within the general supply chain for psychedelic medications.

medical psychedelics

Biggest names so far

When it comes to emerging fields and investing, the majority of people will never get there preemptively, and will instead act by reaction. For anyone who wants to get in on it before the top blows off, the following companies currently provide the best prospect for future growth, expansion, approval, and ability for revenue. These names should be noted, they will likely be bringing you the first approved medical psychedelic products, and for anyone looking to invest in this rapidly growing field of medical psychedelics, they stand out as the best options so far.

Mind Medicine is one of the furthest along when it comes to getting a product out there. It’s a pharmaceutical company that specifically works to develop psychedelic medications. The company is currently in the middle of six different trials on drugs like MDMA, LSD and DMT. In January of 2021, MindMed announced the first ever clinical trials to involve a combination of MDMA and LSD, with company president Dr. Miri Halperin Wernli stating:

“I believe that when LSD and MDMA are taken together they have exceptional potential to open a window into our mind which will awaken it to new levels of awareness by changing the fluidity of the ‌state‌ ‌of‌ ‌consciousness, amplifying‌ ‌changed‌ ‌perceptions,‌ ‌intensifying ‌emotions‌, ‌and‌ stimulating ‌novel‌ ‌thoughts. It is like a gateway to a multidimensional universe.”

When it comes to MDMA trials, MAPS – Multidisciplinary Association for Psychedelic Studies,  is also making its way to approval. MAPS entered phase III of its trials into MDMA for PTSD, and aligned this phase with the FDA according to a Special Protocol Assessment made directly with the FDA. This means that so long as the trials show clinically significant results, the study will already check all FDA regulatory boxes, and make it that much easier for approval.

However, a psychedelic drug has technically already been approved by the FDA. In March of 2019, Johnson & Johnson’s Spravato got approval. The spray treatment is considered for those who have not received a benefit from at least two separate anti-depressants. Spravato is a drug that’s a chemical cousin of the drug ketamine, which is classified as a dissociative drug, but also as a psychedelic. The medication is meant for severe depression.

There are tons of companies popping up. Apart from the companies already listed, prospective investors should check out Champignon Brands, Hollister Biosciences, Better Plant Sciences, Captiva Verde Land, Core One Labs, Cybin, Empower Clinics, Ehave, Jazz pharmaceuticals and EGF Theramed Health. All of these companies are associated in some way or other with the production of psychedelic medications. And while I have yet to see it mentioned in an article, it seems to me that what might upend everything I just said, is the ability to cultivate magic mushrooms.


Something to consider

Much like cannabis, mushrooms come with the ability for easy self-cultivation, as well as large scale cultivation. People who invest in today’s cannabis cultivation already know the value of having growing fields. Imagine the same thing, but with mushrooms. I personally believe that the biggest way in the future to invest in medical psychedelics, will be through the growing of mushrooms.

As stated, this is my opinion, and has not been discussed much as far as I can tell. This is not shocking though, and really doesn’t mean much, as this topic is also an undesirable one for any biotech or pharmaceutical company that – much like with cannabis – would much prefer you know nothing about how to do this on your own. And much like cannabis, it’s easy enough to learn how for anyone who needs some help getting started. Plus, since cultivation and sale of the mushrooms themselves is actually legal in many places, it’s way more legal to grow a field of mushrooms in much of the world, than to grow a field of cannabis.

How to invest in Medical Psychedelics – Conclusion

That the medical psychedelics field is coming is not as much up for debate as many would believe. It might be growing in the shadow of the cannabis market, and being kept quiet until the ability for large scale monetization is possible, but it’s coming, and it will be big. For those who want to invest in the growing medical psychedelics field, getting in now is probably the best idea, and with all the new companies popping up every day, it’s sure to become a heated race very soon.

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Disclaimer: Hi, I’m a researcher and writer. I’m not a medical professional, I have no formal legal education, and I’ve never been to business school. All information in my articles is sourced from other places, which are always referenced, and all opinions stated are mine, and are made clear to be mine. I am not giving anyone advise of any kind, in any capacity. I am more than happy to discuss topics, but should someone have a further question or concern, they should seek guidance from a professional in the relevant field for more information.

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