After 18 months since the legalization of cannabis in Thailand, the new government has introduced a bill to once again regulate the substance. In 2022, cannabis for general use was legalized in Thailand, allowing for cultivation and consumption at home. This led to a rapid expansion of the cannabis industry, attracting both local entrepreneurs and foreign investors. The popularity of the cannabis business in Thailand became evident.
Despite the ongoing success of the cannabis industry, the new Thai government is pursuing a policy shift towards re-regulation. The proposed bill prohibits both the possession and use of cannabis, imposing hefty fines or imprisonment of up to one year for offenders. Public opinions on the new bill are being sought, with the deadline for feedback set for January 23.
The new legislation restricts recreational cannabis use, confining it solely to medical purposes. Furthermore, the bill prohibits the advertising promotion and sales campaigns of cannabis products.
Anutin Charnvirakul, the former Minister of Public Health who championed the legalization of cannabis, emphasizes that legalization was never intended to endorse recreational use. The aim was to promote medical cannabis and create new economic opportunities for farmers.
The abrupt announcement of the new bill by the new government has sent shockwaves through companies, shops, and farmers already involved in the cannabis business. Many companies that have made significant investments are expected to be significantly impacted by this new legislation, which could have far-reaching effects on Thailand’s domestic economy. Cannabis advocacy groups like Future Cannabis Network suggest that the government’s move to reclassify cannabis as an illegal substance comes too late.
Cannabis cultivation companies, as well as cannabis shops, cafes offering cannabis-based drinks, and spas incorporating cannabis in their services, have already established a presence in Thai urban areas. The tourism industry, which attracted visitors interested in cannabis-related activities, such as cannabis festivals, may decline if cannabis is restricted again.