Will the new government in Thailand revive the struggling cannabis industry? The country's cannabis sector has faced challenges since its legalization in 2022, with a surge in marijuana parlours and a subsequent backlash. The industry was initially booming, but regulations were lacking, leading to an uncontrolled market and a negative impact on tourism. The former government's decision to allow cannabis sales without restrictions resulted in an oversupply and a black market. However, the new Bhumjaithai Party, led by Anutin Charnvirakul, has won the elections and is expected to continue in power. While this could be a positive for the industry, the new government's stance on cannabis regulations remains uncertain. The industry is now at a crossroads, with survival strategies emerging, such as pharmacies disguised as cannabis shops. The future of Thailand's cannabis industry hangs in the balance, with the new government's decisions potentially shaping its trajectory.
