BANGKOK - A proposal by Thailand's election-winning Move Forward party to reclassify cannabis as a narcotic a year after it was made legal is sowing panic in an industry that is projected to be worth up to $1.2 billion (S$1.6 billion) over the next few years. Thousands of businesses have sprung up since the legalisation of the consumption and growing...
A woman works inside a cannabis shop, at Khaosan Road, one of the favourite tourist spots in Bangkok, Thailand, on March 29, 2023.BANGKOK - A proposal by Thailand's election-winning Move Forward party to reclassify cannabis as a narcotic a year after it was made legal is sowing panic in an industry that is projected to be worth up to $1.2 billion over the next few years.
"Tax cannabis, like cigarettes or alcohol, and enrich the nation. Don't put cannabis back in prison,” said Netnapa, who runs the RG420 cannabis shop in Bangkok's Khao San Road tourist district. Perhaps surprisingly, it was a party in the outgoing military-backed government that championed the decriminalisation of marijuana, at first ostensibly for medical use.A promised bill to set out the rules failed to get through parliament allowing a huge recreational marijuana business to take advantage of the legal vacuum in a country that for years had a reputation for being tough on drugs.
"I thought they're meant to move forward," grumbled Suphamet Hetrakul of Teera Ventures, a cannabis farm owner and wholesaler.As of March, some 1.1 million people had registered with the government to grow cannabis, though it wasn't clear if all of them are doing so, or how many people are growing it without registering.
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