Psychedelics May Be the Next Big Investment Venture
Dec 11, 2020
The Controlled Substances Act was passed in the United States in the 1970s. The president at the time, Richard Nixon, approved the act as part of his war on drugs campaign. Under the act, cannabis was classified as a schedule 1 drug and was classified together with heroin and cocaine as extremely illegal and dangerous substances that were not allowed to be utilized in any medical applications.
Currently, the legal cannabis market in the world is growing each year at an average of 40% and is valued at $17 billion. This is mainly attributed to the emerging research showing that marijuana holds many benefits that can be utilized in various fields. Apart from this research…
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