Last Thursday, June 9, 2022, a milestone in the history of Thailand was reached, it became the first Asian country to decriminalize the cultivation and sale of cannabis; in addition to its application in 1,181 products derived from the plant, including cosmetics, food, supplements and so on.
The new measure joins the law that was approved in this country in 2018, which allowed the cultivation of cannabis for medicinal purposes and had to have a license to do so.
In addition to being an advance in terms of individual guarantees and freedoms, an income of more than $450 million is estimated for 2026; an incentive for the economy of a country that suffered great losses due to the global effects of the pandemic Covid-19.
About to recreational use, there are still unclear nuances, since smoking in public spaces could lead to economic fines or prison sentences for up to 3 months, mainly considered as a crime of “public disturbance”.
As a support to Thailand’s economy and development, the government pledged to donate one million plants to agree to entrepreneurs and entrepreneurs in this business that, according to international analysts, will produce between 50 and 200 billion dollars in the next decade.