- Reuters @reuters
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Thai cannabis sector spooked as election winner mulls reversing legalisation
A proposal by Thailand's election-winning Move Forward party to reclassify cannabis as a narcotic a year after it was made legal is sowing panic in an industry that is projected to be worth up to $1.2 billion over the next few years.
Thousands of businesses have sprung up since the legalisation of the consumption and growing of the drug, with numerous shops in Bangkok and other tourist areas offering "Best Buds" to delighted tourists and Thai smokers.
But now the prospect of a new government rolling back the free-wheeling market is making business owners like Netnapa Singsatit nervous.
"Tax cannabis, like cigarettes or alcohol, and enrich the nation. Don't put cannabis back in prison,” said Netnapa, who runs the RG420 cannabis shop in Bangkok's Khao San Road tourist district.
"They should have empathy for us business owners," said Netnapa, one…
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A proposal by Thailand's election-winning Move Forward party to reclassify cannabis as a narcotic a year after it was made legal is sowing panic in an industry that is projected to be worth up to $1.2 billion over the next few years.
Thousands of businesses have sprung up since the legalisation of the consumption and growing of the drug, with numerous shops in Bangkok and other tourist areas offering "Best Buds" to delighted tourists and Thai smokers.
But now the prospect of a new government rolling back the free-wheeling market is making business owners like Netnapa Singsatit nervous.
"Tax cannabis, like cigarettes or alcohol, and enrich the nation. Don't put cannabis back in prison,” said Netnapa, who runs the RG420 cannabis shop in Bangkok's Khao San Road tourist district.
"They should have empathy for us business owners," said Netnapa, one…
