Thai cannabis sector spooked as Move Forward Party mulls reversing legalisation
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 US$1.2 billion over the next few years.with numerous shops in Bangkok and other tourist areas offering “Best Buds” to delighted tourists and Thai smokers.
“They should have empathy for us business owners,” he added. His shop is one of some 12,000 businesses that have received three-year government permits to operate, according to official data. Move Forward is hoping to form a coalition with other opposition parties including the Pheu Thai Party, which, responding to worries about health and abuse by youngsters, made a campaign promise to ban the recreational use of marijuana.
Reflecting the outcry over the prospect of tighter rules, some 5,200 people and 200 businesses have signed an online petition that says reclassifying cannabis as a narcotic would be a violation of the rights of the people.
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