Within six weeks of September 1, 2026, at least two major news outlets — think Reuters, the New York Times, the BBC, or CNN — will publish prominent stories about people experiencing psychosis or other serious harms from psychedelics. Editors have already noticed readers engage with these fear-driven stories, so more are coming. When these stories run, they tend to spook everyday investors in psychedelic companies.
The Scott Wolf psychosis story plus the toxic-mushroom warning show editors chasing the safety angle. Celebrity psychosis narratives compound. The hype-to-fear pivot is underway.
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