Thousands of cannabis businesses in Thailand are bracing for major legal and regulatory changes as the country looks to curb adult-use sales and pivot the industry back to a medicinal market.
The government’s latest draft cannabis law looks to end a legal vacuum that unintentionally allowed the recreational marijuana industry to flourish after a 2022 decision to declassify the drug as a narcotic.
ADVERTISEMENT
The new law could radically alter the business prospects for thousands of cannabis store owners and cultivators if they’re not fully compliant – depending on how authorities choose to enforce any new rules.
Some of the draft law’s proposed changes include:
Moving to a license system for personal cultivation, away from a simple notification system. Giving police more authority
Read full article on Marijuana Business Daily