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Comment by philshem | Hacker News Reader

Due to recent decriminalizations and booming medical research, there are also some publicly traded companies one can invest in:

https://psychedelicinvest.com/index/

https://www.horizonsetfs.com/etf/psyk

(disclaimer: I own shares in many of these companies)

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For more discussion on this topic there is /r/shroomstocks[0]

And PsilocybinAlpha[1] monitors companies in the sector.

[0] https://www.reddit.com/r/shroomstocks/

[1] https://psilocybinalpha.com/

> This community is available in the app

https://i.reddit.com/r/shroomstocks/

https://old.reddit.com/r/shroomstocks/

Just mild warning for folks considering this. These companies are highly speculative. (They're also mostly down 20-30% in the last couple months.)

Indeed, some companies are highly speculative. But in the ETF are also J&J (ketamine nose spray for drug-resistant depression) and AbbVie (acquired Allergan).

In a gist, how would one go about making such investment? Should I talk to a pro broker?

Most of the tickers are traded on Canadian exchanges (NEO, TSX.V, CSE). If you’re in the US, I believe Interactive Brokers (and others) will let you buy stocks at these exchanges. You can do all this self-directed, no need to involve a processional.

If your current broker doesn’t allow Canadian venture/OTC stocks, $CMPS is the only ticker traded on NASDAQ so far. $MMED is expected to uplist to NASDAQ in the near future.

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