As strange as it might sound, there's reason to believe that companies developing mental health therapies based on psychedelic chemicals will make it big someday. With a drumbeat of impressive clinical trial results for using drugs like psilocybin in indications like treatment-resistant depression (TRD) building by the quarter, it's likely a matter of time until psychedelic medicines are commercially available.

Nonetheless, nobody's done it yet, meaning investors will need to be comfortable with significant risks if they choose to invest. There are a few compelling arguments in favor of buying shares of these companies now -- but there are also compelling arguments in opposition, so let's dive in.

One reason why now's a decent time to buy psychedelics stocks is that there's an ongoing fire sale across the entire industry, thanks to the bear market. 

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Source Fool.com