Many of you have already listed some of my favorites:
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The Doors
The first psychedelic group I truly loved.
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Pink Floyd (esp. first album)
(My user name was chosen for a reason)
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Gong
I've got a flying teapot, don't need a taxi!
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Yes
I just can't say no to Yes. (:
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13th Floor Elevators
Gotta love the electric jug.
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Beatles
Greater than Jesus. (;
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Quicksilver Messenger Service
Oh God, pride of man... broken in the dust again.
I'd also add (and apologies if these aren't considered "true psychedelic"..) Amorphous Androgynous, Acid Mothers Temple, West Coast Pop Art Experimental Band, Dream Syndicate, Porcupine Tree, Moody Blues, Count Five, Brain Ticket, Red Crayola, High Tide, Parson Sound, White Heaven, Mad River.
If we consider progressive rock as part of psychedelic, I'd have to include some of the groups involved in the
Rock In Opposition movement (and movements which followed) like Captain Beefheart, Univers Zero, Guapo, Art Zoyd, Entron Fou LeLoublan, Fred Frith, French TV, Henry Cow, Miriodor, Stormy Six, Potemkine, Banda Elastica, Lindsay Cooper, Miasma and the Carousel of Headless Horses, My Bloody Valentine (does Shoegaze count as Psychedelic?)
I could go on, but I'm trying to stay within the realm of psychedelic here, whereas the groups today are usually considered more avant-garde or have mixed into sub-forms of electronic music. But I grew up in the 90s and was a neo-hippie that attended mostly alternative rock concerts and raves as opposed to jam band venues or classic rock and folk concerts. As a youngster I was into Jungle, IDM, Industrial, Progressive House, and Psytrance (hence my appreciation for psychedelic roots). Nowadays I'm fascinated by many genres from all eras.. but I have soft spots for electronic, 90s alternative, psychedelic (and 60s classic rock/ folk) and classical music (especially Bach) above all else.