NEW YORK, May 27, 2020 /PRNewswire/ — There have been several important developments in the psychedelics market in recent years that indicate a change in public sentiment around such products. For example, earlier this year, billionaires attending the World Economic Forum in Davos heard a pitch from a company developing a psychedelic drug to treat opioid addiction. In a report by Bloomberg from earlier this January, the Company Atai, backed by billionaire investor Peter Thiel, and partner DemeRx Inc., are preparing for a mid-stage trial of a synthetic form of the substance, called ibogaine, for treatment of drug addiction. Interest in such therapies is high as an opioid epidemic rages on in the U.S., the German firm’s founder Christian Angermayer said in the Swiss ski resort. “In some circles, psychedelics are still associated with escape from the real world and irresponsible extravagance,” Thiel said in an email according to the report. “With FDA-controlled studies, we will come to see that their most powerful use brings people to mental health and sober sanity in a medical setting.” The substance, ibogaine, has already been used in some drug rehabilitation clinics to treat addiction. Newleaf Brands Inc. (OTC: NLBIF) (CSE: NLB), Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF), Amyris, Inc. (NASDAQ: AMRS), The Supreme Cannabis Company, Inc. (OTC: SPRWF), Trulieve Cannabis Corporation (OTC: TCNNF)