The marijuana industry within the USA is now worth billions of dollars. there's a growing movement to legalize psychedelics in some form or another. it's not clear exactly what the legal framework for psychedelics are going to be , but it seems inevitable that some kind of legalization will happen. this text is about the economics of the word “psychedelic”. i think psychedelic may be a uniquely valuable word from a business perspective.
The word psychedelic is exclusive . there's no word which will be used reliably in its place. The word hallucinogen is way less marketable and has far different connotations. this suggests there's tons useful packed into one word. This word essentially features a monopoly on its meaning.
Psychedelics are a broad category of drugs , unlike marijuana which may be a single plant. Psychedelics include LSD, DMT, psilocybin, mescaline, ayahuasca, ibogaine and more. In theory, an industry of psychedelics might be far larger than that of marijuana. Arguably, psychedelic may be a category which incorporates marijuana. this is often a press release I personally accept as true with .
Psychedelic has relevance to several fields of human endeavor like philosophy, art, music, fashion, culture, religion, sexuality, etc. there's no other word with such a lot diverse meaning and cultural relevance packed into one word. This word is effective because it's so all-encompassing. There are endless possibilities for creating businesses branded with the term psychedelic.
Psychedelic may be a popular and hip word. there's something about this word that everybody from hippies to academics is comfortable with. it's simultaneously casual and technical. You sound smart and you sound cool at an equivalent time. From a marketing perspective, this is often everything.
This is what makes psychedelic domain names so potentially valuable. Since a website can only be registered once, there's scarcity. name investors are always trying to find subsequent profitable niche. i'm shocked at how few domain investors even believe psychedelic domain names.
Amazon’s stock IPO was $18 per share. it's now $1787 per share as of scripting this . what's subsequent Amazon? What industry is little or nonexistent today that's likely to be worth billions within the future? To me the psychedelic industry is that the clear answer. people that find how to take a position in psychedelics very early may have an inexpensive chance of getting rich. there'll even be people that lose tons of cash , like anything. There are not any sure things in life, but if i'm getting to gamble, i will be able to place my money on psychedelics and therefore the word "psychedelic".
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