Panagiotakopoulos says the legalization of laborious medication is the longer term. Consultants say that’s fallacious.
The On a regular basis Beast
Within the spring of final yr, investor and entrepreneur Invoice Panagiotakopoulos bought right into a pickup truck in Cusco, Peru, and drove three hours over bumpy mountain roads to a small city close to Machu Picchu. The sight of males in enterprise fits was so unfamiliar that villagers within the rural city assumed he was a part of the manufacturing crew for a film that had simply completed filming. However Panagiotakopoulos wasn't there for the surroundings. As he regarded over the countless fields of coca vegetation – the plant mostly used to make cocaine – he noticed a distinct type of inexperienced.
“The fields are unbelievable,” he stated in an interview this week from his hometown of Toronto. “The persons are tremendous pleasant, and heat, and really progressive of their considering – they wish to make this an actual enterprise.”
“They wish to evolve this agriculture that they’ve had for numerous generations into the mainstream,” he added. “And we see the chance right here.”
Panagiotakopoulos, 49, is the founder and CEO of Protected Provide, a Canadian firm that invests in the way forward for the authorized drug commerce. The corporate, which raised about $4 million in enterprise capital and went public final yr, believes the worldwide improve in legalization insurance policies will create a market value a whole lot of billions of {dollars} — one they plan to faucet into the bottom stage. Panagiotakopoulos and his supporters are measuring investments in drug testing strips, rehabilitation facilities, laboratories, and another product that may develop in a legalized drug market.
https://www.thedailybeast.com/safe-supply-founder-bill-panagiotakopoulos-wants-to-sell-cocaine
