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- by finance.yahoo.com
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Why Mind Medicine Gave Investors a Powerful Buzz in May
Connecticut lawmakers advanced a bill that would decriminalize psilocybin if ultimately passed. Investors were also cheered by a C-suite appointment. Mind Medicine (NASDAQ: MNMD), a healthcare company that's looking to develop treatments based on psychedelic compounds, was something of a sleeper stock in May. Several positive developments pushed the highly specialized enterprise's share price higher, to the point where it closed the month up almost 14% in price.