In Bangkok these days, it’s hard not to notice the weed dispensaries catering to tourists that have multiplied since the government decriminalized the drug last year.
Many of them take advantage of lax regulations to openly sell visitors dried marijuana flowers that have been imported illegally from Canada or the United States. On a recent afternoon, one shop advertised its pungent offerings — weed strains with names like “Ice Cream Cake” and “Lemon Cookies” — as “California’s finest.”
But such dispensaries may be soon be out of business because of competition, oversupply and expected new regulations around the drug’s cultivation and sale, several cannabis industry experts said in interviews. The survivors will sell high-quality, domestically grown weed, which helps explain why investors have been plowing millions of dollars into high-tech indoor cannabis farms…
