Business Hala reports on an issue we’ve already touched on. It’s the job of the ultrawealthy to protect their investments. We say don’t believe a word he says.
We love the bit about “personally” believing but it’s bigger than him etc etc
The founder of the biggest psychedelics company says legalizing magic mushrooms risks creating a backlash that could undermine the industry
- Christian Engermeyer is the founder of Atai, the largest psychedelics company by market value.
- He said he personally supports de-criminalisation, but added that legalization could “lag back” the industry’s progress.
- He says access to psychedelics should be limited because the compounds are so valuable and powerful.
- See more stories on Businesshala’s business page.
A flurry of states and cities are legalizing or reducing psychedelics, citing the war on drugs as well as the potential therapeutic benefits of compounds like MDMA and psilocybin.
But within the psychedelics space, there is no consensus on whether these regulatory changes are good or bad for the industry.
Read the full report