Federal officials announce up to $4.9M to study ibogaine’s medical potential for PTSD and addiction, accelerating psychedelic research in the U.S. Federal officials on Thursday announced new funding to explore the medical potential of ibogaine, a controversial psychedelic drug championed by veterans, conservative lawmakers and podcasters. Trump team funds controversial psychedelic ibogaine for veteran PTSD study - Derived from a West African shrub, ibogaine can cause intense hallucinations, nausea, vomiting, tremors, and.