Psychedelic CEOs Want Nothing To Do With Recreational Drug Users
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In this clip from our Patreon bonus content, we discuss how psychedelic companies benefit from the cultural legitimacy created by underground and recreational users and activists, but corporate leaders often publicly distance themselves from that culture to appear medically respectable and investor-safe.
Transcript
This transcript was generated automatically from YouTube's captions, then cleaned up by removing filler words, repeated words and background sounds. It may still contain errors.
[00:00] In the following clip, we discuss the attitude of psychedelic CEOs toward decriminalization activists and recreational drug users. This is a piece of bonus content from our Patreon channel. If you like what you see, you can check out more at patreon.com/psymposia. Another brief clip of Anger Meyer, Christian Anger Meer, one of the What do we got? I don't even know what you're playing now cuz I like going into this cold so you can get my real reaction. I have no idea. Here's a recent interview that he did with a news station. Just kind of an extension of his narrative talking points around psychedelics.
[00:45] It's nothing new, but it's just a consistent refrain. Walk through how some of this works. And you know, I think people have two views. You hear about people going on a trip. Is this was this somewhat recent video? Yeah. On with what's his name? Sorcin. Yeah, I think so. Sorcin. Yeah. Like Squawkbot works. And you know, I think people have two views. You hear about people going on a trip with a doctor and then you hear about people going to a rave on a trip. And so that's not the right thing to do. So that's all it is. It's just this is the dude who is being propped up by a lot of people in the psychedelic industry, his people in the psychedelic culture as helping mainstream these drugs. And he's been clear from the start that he does not think your recreational use is the right way to use these drugs.
[01:37] You heard him there say some people take this at a rave and he specifically says that is not the right way to do these. It's like [expletive] you. [expletive] you. You come into this space and then just tell everybody what to do and so you know it benefits your [expletive] stupid mainstream narrative. And he himself did psychedelics for the first time. He has a number of origin stories that he tells. None of them involve almost none of them involve an actual psychotherapist being Wasn't it on like a yacht in international waters? Wasn't this either on a yacht on an island in the Netherlands taking a walk through like the forest. He's got all these origin stories, but yeah, the yacht one is the one that comes up the most.
[02:24] And it was on a yacht with like some friends of his who acted as shamans for him. these like segments on CNBC or CNN or all this like [expletive] media, mainstream media things. It's like the narrative that these psychedelic CEOs, oh, it's so cringe. I get why they do it. I like I fully understand why they do it. They want to get rid of the stench of recreational use and whatnot. We were just talking about it in our group chat. I totally forgot about because I was sharing some stuff on Kevin Olirri's recent [expletive] [expletive] about the 40,000 acre data center in Utah that's going to destroy the state of Utah. And I completely forgot he went into some conspiratorial things saying that the some of the activists were being funded by the Chinese.
[03:12] Just some Trumpian like nonsense. But I completely forgot when he had originally come into the space. We were covering this back in 2020. I want to say one of the original companies, MindMed, which is Defin or whatever they rebranded to now. Kevin Olirri was one of the initial investors in them with J.R. Ron. But Kevin Olirri, one of his initial talking points was was it Kevin Olri? Both him and Jr. Yeah. Like it was J.R. Ron online basically saying I want nothing to do with these psychedelic DRIM people. And then it like came out later that Kevin Olirri had basically in like a handshake deal when he decided to invest made JR promise that he would never get involved with sort of the recreational DRIM activist movement space around psychedelics in order for him to receive his investment.
[04:09] What the [expletive] kind of coat is that that he's wearing? It's like out of the fifth element or something. It's out of big villain energy. Yeah. What's the dystopian Hunger Games? Yeah. Yeah. Psychedelic corporate psychedelic overlord from the Hunger Games. Yeah. This is one of the guy who just basically dumped. He rode the hype train and then just dumped it on dumped on retail. He got out pretty quickly. I was actually looking He was one of the first ones first big CEO dudes to bounce. Yeah, I think that was 2020 or 2021 right when I think MindMed was trading on like Canadian ROC and then it debuted on NASDAQ or NIS and it had that initial spike and he dumped in June of that year.
[04:57] This is like 5 years ago I think now the stock has recovered like pretty [expletive] good off the bottom of last year. It's up quite a lot. But yeah, he was multiple years. They dumped it right at the kind of like the peak and right before that kind of right before the hype train kind of popped, but also before the Fed raised interest rates and all markets crashed. So yeah. Yeah. So two good illustrations of the psychedelic CEOs don't have your back. Activist people, drim people, recreational users, like that that's not what they're here for. Yeah. [laughter] It's one of the stories though that no one really talks about it and I don't even know what year that was Russ that you covered. It might have been 2018, 2019 or something like that.
[05:45] And that's when it's like ancient history at this point, but that's when we looked into what that's when people were like just kind of starting to look at what the sort of the FDA process was going to look like and we dug into what the rescheduling kind of plans were going to look like. And we published you published Russ the first story on the fact that if approved MDMMA would be bifurcated and nobody was talking about that. sort of the whole decriminalization promd psychedelic movement was sort of just supporting MDMA in general without knowing actually on the ground what the policy ramifications would actually look like.
[06:32] Yeah. What when did we publish this? 2019. 2019. Seven years ago, man. That's wild. It is wild. Yeah. But no one was thinking about this. No one was like it was just and people still aren't. It comes up. I see this bifurcated thing come up in articles today like it is just blowing people's mind for the first time and it's [laughter] like man we've been deep in this. Yeah. And so like when years now just understanding obviously it's so easy to buy psilocybin on the market now most like head shops just either openly or under the counter. I was with someone recently just went into a head shop asked a guy for psilocybin just got mushrooms under the counter openly in the city. No kidding. Yeah, it's pretty open at this point, but again, it's not going to cover you if you actually get, you know, popped by law enforcement.
