Thailand Caught in Cannabis Crossfire: Legalization U-Turn Shakes Booming Industry

Thailand's move to recriminalise cannabis throws a thriving industry, estimated at over $1 billion, into uncertainty. Initially removed from the narcotics list in 2022, cannabis shops sprouted across the nation, particularly in tourist areas. However, the government's new regulations are set to impose stricter controls, limiting its use primarily to medical purposes.

The policy change follows political upheaval, notably the Bhumjaithai Party's exit from the ruling coalition, amidst criticism of Prime Minister Paetongtarn Shinawatra's handling of a Cambodia border dispute. The health ministry has announced an upcoming order requiring a doctor's prescription for cannabis purchases, with further classifications anticipated in the Royal Gazette shortly.

This decision has caught the cannabis sector off-guard, with business owners and activists expressing concern over the potential impact on agriculture, medicine, and tourism. While tourists continue to frequent cannabis shops, many are puzzled over how the government plans to reverse the widespread availability of the substance.

(With inputs from agencies.)