Are magic mushrooms the cure for depression?

NY Times:

A Single Dose of a Hallucinogen, and Then Lasting Peace


Two studies used psilocybin, an ingredient found in hallucinogenic mushrooms, to see if it could reduce depression and anxiety in cancer patients. The results were striking.
Depression can be caused by brain chemistry or by depressing events in one's life.   I can see where this treatment could be of some benefit to certain people.  But I doubt it will cure all who are feeling down because of events in their life that they need to come to grips with.

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