Once a big player in the ketamine clinic business, the implosion of Field Trip Health illustrates the perils encountered by some companies who entered the psychedelic space early.
In an effort to raise funding for commercialization of MDMA-assisted therapy, MAPS partnered with an investment bank to sell equity in its Public Benefit Corporation.
The organization, including its Dutch retreats business and psychedelic facilitator training programs, plus a 124-acre property in Oregon, filed for bankruptcy this month, leaving its students and employees in limbo.
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**Contribute to the Future of Psychedelics** Make an investment in a healthy psychedelic future by supporting this community-funded initiative. For the last 3 years, Lucid News has been providing indispensable journalism covering the psychedelic field. We are now turning to our readers to continue building. We understand that not everyone is in a position to pay for this vital information, but if you are, we need you. *Make an investment in quality journalism, so others can benefit. You can give just once or monthly. Thank you.*