Thailand’s cannabis industry is booming with over 16,000 dispensaries, but faces uncertainty due to lack of clear legislation and political disputes. Stakeholders are calling for regulations and stability.
Thailand’s Cannabis Industry Faces Uncertain Future
Thailand’s cannabis industry is expanding rapidly, but it faces uncertainty due to unclear legislation and ongoing political disputes. This has left businesses and investors in a state of limbo, hindering long-term planning and growth.
Surge in Innovation Amid Legal Ambiguity
Despite challenges, the industry has seen innovation with entrepreneurs exploring diverse products like medicinal oils and cannabis-infused foods. However, the absence of a well-defined legal framework raises concerns about regulation, safety standards, and market stability. Stakeholders are eager for government action to clarify the rules and support sustainable development.
Political Uncertainty and Regulatory Concerns
Thailand became the first Asian country to decriminalize cannabis in 2022, leading to the opening of over 16,000 dispensaries and cafes. However, the lack of clear legal guidelines for production and sales has created confusion and instability. Political infighting continues to stall progress, impacting market prices and the overall future of the industry. Stakeholders are calling for clearer regulations and more stability to ensure a structured and sustainable framework for Thailand’s cannabis sector.
Source : Thailand’s cannabis boom at risk amid legal and political uncertainty