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Sunday, May 5, 2024

High Hopes for Investors as Thailand Legalises Marijuana

A worker inspects marijuana leaves and care for plants at the Rak Jang farm, one of the first farms that has been given permission by the Thai government to grow cannabis and sell products to medical facilities, in Nakhon Ratchasima, Thailand March 28, 2021. REUTERS/Chalinee Thirasupa

In June, Thailand became the first country in Asia to remove marijuana from the country’s narcotics control list and legalise it for growth and consumption in food and drinks. The change aims to support the medical use of marijuana and facilitate new business opportunities.

The move has been some time in the making, say lawyers. Back in 2018, Thailand became the first country in Southeast Asia to approve the use of medicinal marijuana.

“Liberalisation of marijuana was a clear agendum proposed by one of the parties in the last election, and it had been a topic of discussion for many years,”…

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