You should say yes to history instead. I can think of another drug that was also lionized among the intelligentsia of their time, both for its medicinal uses and its spiritual or creative benefits. That drug was opium.
"But I took it—and in an hour—oh, heavens! what a revulsion! what an upheaving, from its lowest depths, of inner spirit! what an apocalypse of the world within me! That my pains had vanished was now a trifle in my eyes: this negative effect was swallowed up in the immensity of those positive effects which had opened before me—in the abyss of divine enjoyment thus suddenly revealed. Here was a panacea, a [Greek text] for all human woes; here was the secret of happiness, about which philosophers had disputed for so many ages, at once discovered: happiness might now be bought for a penny, and carried in the waistcoat pocket; portable ecstacies might be had corked up in a pint bottle, and peace of mind could be sent down in gallons by the mail-coach."
-Confessions of an English Opium-Eater, John De Quincey.
It sounds eerily a lot like the current push for psychedlica, and it originally started with upperclass knowledge workers then, too. But as the dangers of the drug became widely known, and it filtered downwards, it became regarded as a horror, and prohibition came not because the government was a killjoy and wanted to ruin people's recreational fun, but because the human toll was high and as it filtered down the criminal element took control.
The addict or user always glorifies the damn thing in the honeymoon phase, its after when the effects become known and widespread do we get the pushback. It's always the answer to everything that ails you till it isn't.