Thailand’s government has announced plans to restrict cannabis to medical use only, marking a significant policy change following a period of more relaxed regulations. This decision is expected to impact the country’s cannabis industry, which has seen rapid growth in recent years. The new rules are likely to lead to a reduction in the availability of cannabis for recreational use, affecting both producers and consumers.
The shift in policy has raised questions about the future of Thailand’s cannabis market. Industry experts suggest that the move could result in decreased demand and potential economic losses for businesses that have benefited from the previous more permissive environment. However, the government argues that the new regulations are necessary to combat the potential health risks associated with recreational cannabis use. This decision reflects a broader trend of increasing regulatory scrutiny on cannabis in various parts of the world.