Cannabis tourism provides hope for Thailand’s hard-hit industry
Bethan Rose Jenkins, Cannabis News Writer/Editorial
May 31, 2021
In 2018, Thailand made history by becoming the first Southeast Asian country to legalize cannabis for medical purposes.
Since this time, the Kingdom has continuously made efforts to expand legalization for the export, import and production of the green plant.
Now, an amended version of the Narcotics Act means that the industry could attract greater business opportunities, such as cannabis-focused tourism.
ased on fresh findings published in the “Asian Cannabis Report” – an analysis of Asia’s legal cannabis industry carried out by Prohibition Partners – the sun-drenched continent’s market value is anticipated to top USD$12.5 billion (392 billion baht) by the year 2024.
Currently, Thailand’s cannabis industry is valued at $661 million; $237 million of which is accrued through the medical cannabis sector and $424 million from the non-legal recreational cannabis market