In this article, we discuss 10 best psychedelic stocks to buy according to hedge funds. If you want to see more stocks in this selection, check out 5 Best Psychedelic Stocks to Buy According to Hedge Funds. Data Bridge Market Research predicts that the psychedelic drugs market will expand at a compound annual growth rate (CAGR) of 16.3% over the next eight years, resulting in a market value of $6.85 billion by 2027. The primary drivers of this growth are expected to be… Read more.
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President Biden's recent announcement regarding marijuana pardons was a historic step toward cannabis legalization on the federal level. The next one is a review of cannabis' legal status, said Bloomberg Intelligence analyst Kenneth Shea. Biden in fact said he would ask the Attorney General and Department of Health and Human Services to review marijuana's classification under federal law as a Schedule I drug, which happens to be the same as heroin and LSD. BofA Securities' analysts Lisa K. Lewandowski and Bryan D. Spillane said recently that "it does not appear that the president could directly… Read more.