What are your thoughts on psychedelic stocks for long term, particularly Wesana Health if you are familiar with that company

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Functional medicine and psychedelic medicine is the future of all medicine. I like MNMD -

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I like MNMD as a second pick. It’s market cap is pretty high to see huge returns. The risk/reward I like more is wesana health. It’s only 2.7 million market cap and has done about just as much as MNMD to get a drug approved by the FDA. It just hasn’t raised as much money so it could run out of funding which is the biggest risk. Have you looked into it at all?

Look at what happened to the cannabis stocks tho. The pain was real for this guy.

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I am way more bullish on psychedelics because 30% of people who are depressed don’t respond to antidepressants. Psychs will first target these users. The depression industry is about $15 billion and anxiety market is about $6 billion. There is massive potential here. I can see psychs disrupting both of these markets. There’s way more growth opportunity for psychs compared to cannabis.

It’s all about getting in at the right price

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Additional Posts in Option Traders & Investing

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