Re:California study begins screening for MDMA-assisted thera...
by pmoriarty on Wednesday March 30, 2022 @12:03PM
(#30857082)
The for-profit subsidiary is 100% owned by the non-profit.
Here's what Rick Doblin, the founder of MAPS had to say about this:
"MAPS has started the MAPS Public Benefit Corporation, which is for-profit corporation. It's 100% owned by the non-profit, but still we have a for-profit arm, and the goal of that is to sell MDMA at a profit and then whatever the profits are to fuel more research and more public education."[1]
Here's what Rick Doblin, the founder of MAPS had to say about this:
"MAPS has started the MAPS Public Benefit Corporation, which is for-profit corporation. It's 100% owned by the non-profit, but still we have a for-profit arm, and the goal of that is to sell MDMA at a profit and then whatever the profits are to fuel more research and more public education."[1]
[1] - From about 54 minutes in to https://www.youtube.com/watch?v=xZxRxJrSSPg