The White House psychedelics executive order accelerates research, clinical trials and "Right to Try" access for drugs like psilocybin, MDMA and ibogaine.

Ibogaine is banned under the federal government's most restrictive category for illegal, high-risk drugs.

This would expedite review of drugs such as ibogaine, a drug that US military veteran groups have said can help treat PTSD.

President Donald Trump signed an executive order Saturday to accelerate research for some psychedelic drugs to treat mental health disorders.

President signed executive order directing FDA to expedite review of psychedelic drugs including ibogaine

One analyst applauded Trump’s order as an “official stamp of validation” for psychedelics.

Some psychedelic stocks can rally after the executive order on the use of the this type of drug for mental health, Oppenheimer said.

The White House psychedelics executive order accelerates research, clinical trials and "Right to Try" access for drugs like psilocybin, MDMA and ibogaine.