Psychedelics Stocks Jump as Colorado Voters Approve Initiative
With the midterms steadily drawing to a close, it is becoming clear that Americans were largely in support of drug reform. In Colorado, voters approved a ballot measure that would allow the purchase, possession and use of specific psychedelic fungi and plants. The measure will legalize the cultivation, possession, sharing and use of ibogaine, psilocybin, mescaline, psilocin and DMT for adults aged 21 and older. Soon after news of the legislation’s approval was announced, psychedelic stock prices began trending upward. Under the new measure, Colorado would have to formulate new regulations to govern the distribution and administration of the aforementioned…