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Thailand Moves To Recriminalize Cannabis And Shake Industry
Thailand's booming cannabis industry has been thrown into disarray as the government moves swiftly to recriminalize recreational marijuana use. The abrupt policy reversal—announced on June 25—has stunned entrepreneurs, disrupted the market, and raised concerns about the future of what was projected to be a $1.2 billion industry by 2025.
The shift comes in the wake of political turmoil. The Bhumjaithai Party, which spearheaded cannabis legalization in 2022, withdrew from the ruling coalition following Prime Minister Paetongtarn Shinawatra's controversial handling of a diplomatic spat with Cambodia. Their departure paved the way for more conservative forces in government to move forward with tighter regulations on cannabis use.
Late Tuesday, Thailand's Ministry of Public Health issued a new directive banning the sale of cannabis for recreational purposes and mandating a doctor's prescription for all cannabis purchases.
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