Investor interest in psychedelics is on the rise as high-profile executives and celebrities are investing in the sector’s future. With such much interest in alternative psychedelic medicine, analysts believe that the sector could bring in over $6.85 billion by 2027.
However, government support and widespread legalization are essential for its rapid advancement. With the recent legalization of psychedelics in various states, it won’t be long when they line up pharmacy aisles. The industry has also experienced significant breakthroughs on the regulatory front, which, as a result, has led to a growing number of studies focused on creating new cutting-edge psychedelic medicines.
The meteoric rise of Psychedelic Stocks has been a bright spot in an otherwise tumultuous 2020 year. While COVID-19 continues to rage on throughout the world, psychedelic stocks are outperforming large cap companies such as Apple inc, Facebook inc and Microsoft Corp.
Minerco, Inc., The Magic Mushroom Company (OTC: MINE) emerging as the world’s first publicly traded company focused on the research, production and distribution of psilocybin mushroom. Blockchain token for Psilocybin purchases and investments : SHRU.
The company gained appointment to the Psychedelic Invest Index made up of 20 companies listed. Nasdaq, AQL, CNX, and OTC are exchanges representing the collectives in the industry. The 30 day average volume being $577.35m gives MINERCO greater exposure to the investment community. This is a considerable milestone that within 12 months of MINE’s new ownership it joins an elite class of 20 companies. Compass Pathways, Mind Medicine Inc are some of the other public companies listed. The total list can be viewed on Psychedelicinvest.com.
“This has been a busy year. Psilocybin, wholesale Production, Blockchain has been our focus. Who knew there was a Psychedelic Index. its great others are noticing our work, What an early Christmas Gift.” Says CEO Julius Jenge.
MINE plans to launch capital raise for accredited and non accredtited investors in January 2021. The new Law allows for one investor at $5million or many investors. “These new developments will catapult Minerco into a more stable 2021, in addition, bringing in NON DILUTIVE debt only strenthens the company and lets our shareholders know we are a with a real vision and actionable targeted goals. ,” stated Julius Jenge,
MINE stock is UP 2900% so far this month and has more room to grow.