Psychedelics stocks are down despite cultural interest.
The review of the drug's health risks may take years and the outcome is uncertain.
There are different routes that U.S. legalization could take.
Many in Congress are finding fault with a new marijuana legalization bill.
Cannabis speakeasies that were once the targets of enforcement are preparing to operate above board.
But such a move may result in consumers smoking more cigarettes to satisfy their cravings.
In the U.S., most marijuana is still bought and sold through illegal or semi-legal transactions.
Gone are the old cliches about washed-up stoners, as cannabis consumers have above average disposable incomes.
At issue is how much of the funds will go to the communities hardest-hit by the U.S. war on drugs.
Investors are beginning to embrace medical hallucinogenic mushrooms, MDMA and LSD-like substances.
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