2.2 millions Australian have depression issues, and psilocybin works wonder for depression. Yes it's nothing like cannabis as it's much more tailored toward clinical/medical use as opposed to cannabis which is more recreational. Thanks to that, it's very hard for new competitors to enter this space, versus cannabis where anyone can enter and makes the market extremely competitve.
Ann: Psilocybin and MDMA down-scheduled, page-21
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