Elon Musk, the Tesla multi-billionaire investor and owner of the largest portion of Twitter (NYSE:TWTR) shares has been discussing psychedelics on the social platform.
The most recent message Musk posted was a reply to a statement by Doug Drysdale, CEO of Cybin (AMEX:CYBN), the biotech company focused on progressing psychedelics to therapeutics by engineering proprietary drug discovery platforms and treatment for mental health disorders.
Psychedelics and MDMA can make a real difference to mental health, especially for extreme depression and PTSD. We should take this seriously.— Elon Musk (@elonmusk) June 10, 2022
Drysdale’s original statement was a call for investors to consider the psychedelic market, as the potential of these substances could massively reduce the massive cost of mental health treatments.
"Have you looked at the pharmacoeconomic potential of psychedelics to massively reduce the $2.5T cost of mental health? Wall Street is missing out," Drysdale said.
Musk’s Tweet was also a reply to TV host Jim Cramer, another supporter of psychedelics who dedicated one of his shows last year to the subject of major depressive disorder.
"Tremendous love and awe for Elon Musk out here in SF. Just awe," said Cramer in a Tweet.
This week Joe Rogan lashed out at the U.S. Customs and Border Protection agency (CPB) for a recent seizure of American tourists returning to the U.S. with marijuana, psilocybin and MDMA in their vehicle.