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CANNABIS INDUSTRY 

BREAKING  NEWS

Thailand’s Shock U-Turn on Cannabis: Strictly Medicinal, Broader Adult-Use Will be Prohibited.

Thailand’s Shock U-Turn on Cannabis: Strictly Medicinal, Broader Adult-Use Will be Prohibited.

Despite the positive economic impact cannabis has had on the post-Covid Thai economy, the new government is set on reversing the cannabis reform gains made by the previous administration. It is turning it’s back on a growing industry that was projected to be worth up to US$1,2 billion by 2025.

India TV

9 May 2024 at 05:00:00

Thailand's steps towards reaping the economic rewards of legalized cannabis are facing a dead end and thousands of cannabis enterprises will go out of business, including cannabis-themed spas, restaurants and festivals.


This report from India TV, published by 420Intel.com on 8 May 2024.


Thailand Plans to Re-List Cannabis as Narcotic Despite Growing Industry.


Thailand will re-list cannabis as a narcotic by year-end, its Prime Minister said on Tuesday, in a stunning U-turn just two years after becoming one of the first countries in Asia to decriminalise its recreational use.


The moves come despite rapid growth in the domestic retail sector for marijuana, with tens of thousands of shops and businesses springing up in Thailand in the past two years in an industry projected to be worth up to $1.2 billion by 2025.


"I want the health ministry to amend the rules and re-list cannabis as a narcotic," Prime Minister Srettha Thavisin said on social media platform X. "The ministry should quickly issue a rule to allow its usage for health and medical purposes only."


Thailand and its Cannabis dilemma


Cannabis was decriminalised for medical use in 2018 and recreational use in 2022 under a previous government, but critics say its liberalisation was rushed through, causing huge confusion about rules and regulations.

Srettha's comments followed a meeting with agencies involved in narcotics suppression, where he vowed to take a tough stand on illicit drugs and ordered authorities to deliver results and show "clear progress" in the next 90 days.


"Drugs are a problem that destroys the future of the country, many young people are addicted. We have to work fast, to confiscate assets (of drug dealers) and expand treatment," he said.


He also asked authorities to redefine what constitutes drug possession under the law, from "small amount" to "one pill", to to enable tougher enforcement by authorities. Srettha's government had earlier said it wanted to push out a cannabis law by year-end that would ban recreational marijuana and allow its use for medical and health purposes only.


It was not immediately clear when cannabis would be re-listed as a narcotic or what processes must first take place.


"List cigarettes and alcohol as narcotics too"


Prasitchai Nunual, secretary-general of Thailand's Cannabis Future Network, said re-criminalising cannabis would be a bad move for the economy and deal a big blow to small businesses and consumers. "Many people have been growing cannabis and opening cannabis shops. These will have to close down," he told Reuters.


"If scientific results show that cannabis is worse than alcohol and cigarettes then they can re-list it as a narcotic. If cannabis is less harmful, they should list cigarettes and alcohol as narcotics too."

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Time Fast Running Out For Pres Ramaphosa to Sign. Cannabis Bill into Law Before May 29 Elections.

Cannabis Bill one of 27 pieces of impending legislation sitting on the President's des.

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Cannabis in South Africa: The People’s Plant

We are a civil society organisation with the interests of the existing Cannabis industry and the Human Rights of ALL citizens at heart.

WE’RE BRINGING A NEW STANDARD

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