Oct 06, 2020 Guest(s): JR Rahn Founder, Co-CEO, MindMed
The recession and lockdowns around the world have created a huge spike in reported mental health conditions. In the U.S., as a result of unemployment and the quarantines, 40% of adults reported mental health and substance use in June. 11% seriously considered suicide, up from only 4% in 2019, according to the Centers for Disease Control and Prevention.
Companies like MindMed are creating drugs to help people battle mental health issues.
"Mental health and addiction are going to be around for the next 10 to 20 years, and these are far larger problems and far larger markets that are going to evolve. Unfortunately, I believe that North America's next great growth story is mental illness and addiction," said JR Rahn, founder and co-CEO of MindMed.