420 with CNW – Thailand Hopes Medical Marijuana Will Boost Its Economy
Aug 13, 2020
Thailand’s economy wasn’t doing great even before the coronavirus pandemic struck. Similar to plenty of countries, the pandemic has resulted in a severe economic crisis, especially since Thailand’s economy heavily relies on agriculture, tourism, and exports. The Finance Ministry forecasts a likely contraction of 8.5% this year, the biggest decline projected in Asia. In a bid to create revenue and new employment opportunities, the Cabinet is looking into passing rules that would ease the private cultivation and sale of medical cannabis.
On August 10, 2020, the Cabinet amended the Narcotics Act, pending Parliament’s approval, to allow private medical operators to grow, import, and export medical cannabis. ‘Private medical operators’ include some traditional medical practitioners and farmers. The amendment expanded a cornerstone policy of Deputy Prime Minister and Health Minister Anutin Charnvirakul who said that the controlled legalization of marijuana would…
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