Numerous companies in the psychedelics industry are essentially advancing research on compounds that have a history of past use. Some of them are particularly focusing on the believed effects thatmillenary plantshold and targeting contemporary mental health conditions by performing a scientific tweak on these ancient medicines.

Such is the case ofMagdalena Biosciences, a company formed by NASDAQ-listedcommercial-stage biotech Jaguar Health(NASDAQ:JAGX) andclinical-stage botanical psychedelics firm Filament Health(OTCQB:FLHLF), to develop "novel, natural prescription medicines derived from plants for mental health indications."

'Rainforests Are Nature's Medicine Cabinets'

"Earth's rainforests...