Minerco Inc (OTCMKTS:MINE) has achieved yet another milestone on becoming the first company to own a blockchain-powered token focused on psilocybin investments. The emerging, psilocybin, or magic mushroom company has developed a Shrooms blockchain token SHRU. The token is to be used to raise capital for the company’s project in Jamaica.
The unveiling of a token focused on psilocybin investments allows the company to enjoy a first-mover advantage. Likewise, it underscores Minerco’s commitment to research, production, and distribution of psilocybin mushrooms.
Psilocybin is the latest sensation taking the medical industry by storm. Psilocybin and psilocybin are simply chemical compounds obtained from certain types of dried hallucinogenic mushrooms. Psilocybin has given rise to the psychedelic drugs market that is projected to grow at a compounded annual growth rate of 16.3% to over $6.8 billion by 2027.
Minerco has since set sights on the opportunities for growth in the development of psychedelics drugs. Focused on research production and distribution of psilocybin mushrooms. The company is currently in the process of opening up a facility in Ann Arbor, Michigan.
The opening up of a facility in the Midwest would mark yet another important milestone as the company seeks to enhance the use of mushrooms to heal people and enjoy the first-mover advantage. “Our commitment to research, production and distribution of psilocybin mushrooms, is now a reality,” stated Julius Jenge, Chief Executive Officer of Minerco, Inc.
In addition to opening a research facility in Michigan, Minerco was also recently acquired by psilocybin research and investment firm. Conversely, it is increasingly becoming the first publicly-traded company focused on the research, production, and distribution of psilocybin mushrooms.
Michigan, the second-largest medical cannabis state in the U.S, also presents tremendous growth opportunities and for developing shareholder value. The Minerco token SHRU should help investors gain access to the industry.