Thailand, which had previously decriminalized cannabis for personal use, is now set to reclassify it as a narcotic. This reversal comes three years after the initial move to relax cannabis laws, which had sparked considerable debate and economic activity within the country.
The decision is expected to have significant economic implications, including the potential collapse of a $1 billion industry that has been growing rapidly in recent years. Many businesses in the cannabis sector, particularly those located in popular tourist areas, may face closure as the government enacts stricter regulations.
Industry stakeholders have expressed concerns over the impact on local businesses and the livelihoods of those involved in the cannabis trade. The government’s shift in policy is likely to be met with both support and opposition, reflecting broader societal debates on drug policy and economic development.