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Stock impact report

Why Mind Medicine Stock Is Soaring Today [Yahoo! Finance]

Mind Medicine (MindMed) Inc. - Common Shares (MNMD) 
Company Research Source: Yahoo! Finance
The biotech company's share price was up 8.7% as of 2 p.m. ET despite a 0.8% pullback for the S&P index and a 1.5% decline for the Nasdaq Composite index. MindMed stock is surging today following a recent report from a Minnesota-based task force that urged the decriminalization of psychedelic mushrooms. The clinical-stage biotech specialist is focused on potential medical applications for psychedelics , and it stands to benefit if restrictions on the category are lessened. MindMed stock jumps on psychedelic mushroom news The Minnesota Psychedelic Medicine Task Force published a roughly 200-page report yesterday that supported the decriminalization of psilocybin mushrooms. Two-thirds of the task force voted in favor of recommending decriminalization in Minnesota and the creation of a state-regulated clinical program for administering psilocybin mushrooms as a therapeutic treatment. The task force also called for more funding for research into psychedelics as therapies. If certain Show less Read more
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