3 Top Psychedelics Stocks to Own Now

Psychedelics could be a game-changer for millions struggling with mental health issues. And as a result, psychedelic stocks could be a game-changer for your portfolio.

Psilocybin, for example, has been shown to help with depression, anxiety, OCD, PTSD and addiction. LSD may be able to help with anxiety. MDMA may be beneficial for eating disorders.  Plus, there are quite a few major studies from the likes of Johns Hopkins and New York University that are showing progress with psychedelics and mental health.

For example, The Beckley Foundation found that, “Psilocybin was well-tolerated and induced rapid and lasting reduction in the severity of depressive symptoms,” as quoted by MarketWatch.  Even the US FDA has called psilocybin a “breakthrough therapy.”

In addition, as I quoted on January 8:

“As patents on many conventional antidepressants begin to expire – and public and regulatory opinion regarding psychedelics is changing – 2021 will be the time that psychedelic therapy casts a spotlight on the limitations of current mental-health care treatments, and highlights a bold alternative,” according to Wired U.K. contributor Robin Carhart-Harris.

With excitement building, some of the top psychedelics stocks to consider include:

• Mind Medicine (NASDAQ:MNMD)
• Cybin Inc. (OTCMKTS:CLXPF)
• Compass Pathways (NASDAQ:CMPS)

Psychedelic Stocks: Mind Medicine (MNMD)

Source: Shutterstock

The last time I weighed in on Mind Medicine, it traded on the OTC under MMEDF.

That was on January 8, as the stock traded around $2.15. Today, the stock is up to $3.16 a share on the NASDAQ and could push higher as it studies the benefits on LSD with anxiety, pain and adult ADHD. If it sees further success, the company could be exposed to multi-billion mental health markets, including the $4.7 billion anxiety market, and the $9.5 billion ADHD market.

“These are still very early innings for us,” MindMed’s co-founder and CEO JR Rahn told Yahoo.  With regards to moving to the NASDAQ, he says, “I think it’s a sign that the entire psychedelics industry is growing up. We’re accessing a whole new fresh set of investors that hasn’t been able to access us before. I think that’s going to include sovereign wealth funds, pension funds and further retail investors.”

Psychedelic Stocks: Cybin Inc. (CLXPF)

Source: local_doctor / Shutterstock.com

Along with Mind Medicine, I highlighted an opportunity in Cybin on January 8. At the time, the stock traded around $1.22. It’s now up to $1.64. While it could pull back near-term on overbought conditions, I still like Cybin long-term for two key reasons.

One, it just demonstrated Proof of Concept for its “deuterated trytamine” programs for depression and addition. Two, it just selected Alcohol Use Disorder (AUD) “as the initial target indication for its proprietary deuterated psychedelic tryptamine, CYB003,” as noted in a company press release.

In addition, “The evidence of…