MAY 19, 2022
Research in psychedelics is a new and growing industry worth billions, but it comes at a cost to those who have been using psychedelics for centuries.
The psychedelic movement is here, and according to all metrics, here to stay. This movement is carved into three main paths: “therapeutic, religious, and recreational — each of which involves very different players, areas of law, and, in some instances, competing interests” (Harvard Law). It is estimated that $2 billion has been poured into research and clinical trials this year in the emerging area of psychedelic medicine and is projected to grow to $10.75 billion by 2027 (Research and Markets). As Michael Pollan says: “Capitalism is falling in love with psychedelics. There’s a gold rush” (Michael Pollan).