Thailand has imposed a ban on hashish gross sales and not using a medical prescription—simply three years after turning into the primary Asian nation to decriminalise the plant. The sudden shift, efficient instantly, has thrown the nation’s hashish business into disarray.
Beneath the brand new guidelines, patrons should current a health care provider’s prescription, and dispensaries can solely promote hashish grown on farms licensed underneath the federal government’s GACP requirements. Every buyer is restricted to a 30-day provide, and dispensaries at the moment are required to have a licensed physician on-site.
The transfer aligns with the ruling Pheu Thai Get together’s push to restrict hashish strictly to medical use. The adjustments additionally comply with political tensions throughout the ruling coalition, with the pro-cannabis Bhumjaithai Get together just lately exiting the alliance.
Public Well being Minister Somsak Thepsutin confirmed plans to reclassify hashish as an unlawful narcotic once more. The abrupt announcement, printed and not using a grace interval, compelled many dispensaries—particularly these in vacationer hotspots like Khaosan Highway—to close down quickly.
Enterprise house owners warn the adjustments might push hashish again into the underground market. Activists have referred to as for protests, arguing that the restrictions may result in the sale of pretend medical prescriptions and corruption. In the meantime, authorities officers cited issues about rising misuse and smuggling as key causes behind the coverage reversal.
Thailand’s hashish market as soon as projected to achieve 43 billion baht by 2025, now faces main uncertainty.
Keep forward with any inventory. Ask the Analyst.
Unlock worthwhile alternatives daily! Unicorn Alerts offers actionable intraday buying and selling alerts for shares and futures. Don’t miss out – obtain Unicorn Alerts and begin profitable now!
