Monday, June 16, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Thailand

Apec host Thailand’s budding marijuana industry faces backlash

November 18, 2022
in ASIA, Thailand
0
Apec host Thailand’s budding marijuana industry faces backlash
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

BANGKOK — Near the grand conference halls in central Bangkok where Asian leaders will meet this week, a plethora of marijuana shops — the Thai capital’s newest tourist draw — were bustling despite a controversy that threatens the growing sector.

Since Thailand decriminalised cannabis this year, shops selling homegrown and imported strains, pre-rolled joints and gummies sprang up rapidly.

New cafes with names such as MagicLeaf and High Society are located just minutes from the meetings of the Asia-Pacific Economic Cooperation (Apec) summit.

But the proliferation of such businesses has sparked a backlash from some politicians and doctors who say the change was pushed through without regulation and are now calling for tougher rules, or even a new ban.

A cannabis regulation bill to govern cultivation, sale, and consumption has been delayed in parliament, causing confusion over just aspects will be legal.

“We’re in a vacuum,” one senator, Somchai Sawangkarn, told a domestic broadcaster on Wednesday (Nov 16), adding that announcements by the health ministry had not curbed recreational use.

Southeast Asia has strict laws prohibiting the sale and use of most drugs, but Thailand became a major exception in June, when it dropped cannabis from its list of narcotics.

The move was spearheaded by health minister Anutin Charnvirakul, who framed marijuana as a cash crop for farmers and championed its medical use, but recreational use exploded.

Authorities later rushed through piecemeal updates to the regulation clarifying that cannabis could not be sold to children or near schools and temples.

‘Super high’ profits

Netnapa Singathit had a smoking room for a short while after opening her RG420 cannabis store in central Bangkok, but she switched to serving drinks after authorities banned such rooms.

She called for regulation that standardises quality, adding, “We are concerned about operators who are not compliant, and customers end up with bad products.”

Recent weeks have brought a wave of news reports about hospitalisations and use by children.

The president of Thailand’s association of forensic physicians, Smith Srisont, petitioned a court last week to re-list it as a narcotic.

“It was wrong to not have governing laws before unlocking cannabis… it is not being used medically, but recreationally,” he told reporters.

Yet with major profits to be had, many business owners are relaxed about coming changes. Anutin has ruled out recriminalisation, but supports greater regulation.

Akira Wongwan, the chief executive of a medical cannabis business, Adam Group, said profit margins for recreational cannabis were “super high”.

The sector could be worth US$1.2 billion (S$1.7 billion) by 2025, the University of the Thai Chamber of Commerce has estimated.

“Most people still think at least they can get the profits now, even if regulations change,” said Akira.

This article was first published in Asia One . All contents and images are copyright to their respective owners and sources.

Tags: #APEC#cannabis#DrugsThailand
Previous Post

FBI director very concerned by Chinese ‘police stations’ in US

Next Post

To save salmon, US approves largest dam removal in history

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
99

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
78

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Indonesia Constitutional Court dismisses petition to change voting system

Indonesia Constitutional Court dismisses petition to change voting system

by AsiaOne
June 15, 2023
0
25

JAKARTA - Indonesia's Constitutional Court on Thursday (June 15) rejected a lawsuit seeking a change to the country's election ballot system, a...

Most Popular

Failing to pay tax arrears in Cambodia within 15 days after notification will subject to 25% penalty

Failing to pay tax arrears in Cambodia within 15 days after notification will subject to 25% penalty

November 24, 2020
69
Japan jeers at ‘terrifying’ mascot for Osaka World Expo: ‘Who approved that monstrosity?’

Japan jeers at ‘terrifying’ mascot for Osaka World Expo: ‘Who approved that monstrosity?’

May 11, 2022
23

WING Bank Cambodia – A bank for every Cambodian, from dreams to reality

March 19, 2022
25
E-commerce in Cambodia may require a licence

E-commerce in Cambodia may require a licence

September 5, 2020
41
Cambodia Securities Exchange (CSX) suspends, ‘market-maker’, SBI Royal Securities Plc

Cambodia Securities Exchange (CSX) suspends, ‘market-maker’, SBI Royal Securities Plc

May 18, 2020
73
Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

July 3, 2023
99

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!