Bill Panagiotakopoulos says legalizing hard drugs is the future. Experts say he’s misguided.
, and rode three hours up bumpy mountain roads to a tiny town near Machu Picchu. The sight of men in business suits was so unfamiliar that villagers in the rural town assumed he was part of the production crew for a movie that had just finished shooting. But Panagiotakopoulos wasn’t there for the scenery. As he looked out over the endless fields of coca plants—the plant most commonly used to make cocaine—he saw another kind of green.
“There is going to be a day—probably sooner than later—where you can go buy drugs retail and actually not have all these poisons and have to deal with the underworld and the criminals,” he said. “That's where the jump is from here to there.” “Money’s being made every single minute of the day on drugs,” he added. “Just the wrong people are making the money.”
That same year, the British Columbia Securities Commission launched an investigation into Beleave for claiming to have raised $10 million in funding when it allegedly paid $7.5 million back to the investors through “prepaid consulting fees,” even though no consulting took place. In a 2019 settlement with the commission, the company admitted it had “participated in conduct that is abusive to B.C.’s capital markets” and pledged to change its ways.
Vending machines in Brooklyn disperse fentanyl test strips and naloxone as well as hygiene kits, maxi pads, Vitamin C, and COVID-19 tests.The company also recently touted what it called a “landmark” shipment of decocainized coca powder and extract from Peru to its offices in Canada, which it hopes to study for possible medical benefits. Its website pitches a variety of uses for the extract, from energy drinks to pharmaceuticals to “functional foods.
Keith Humphreys, a psychiatry and behavioral sciences professor at Stanford, also referenced the opioid crisis to point out flaws in Safe Supply’s model.
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Technology Still Doesn’t Supply The Insights Needed For Supply ChainsI am an author, independent researcher and speaker exploring innovation, information technology trends and markets. I served as co-chair of the 2023 AI Summit in New York, as well as the 2021 and 2022 Summits. I regularly contribute to Harvard Business Review on AI topics.
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