Home / Business and Economy / Thailand's Weed Dream Turns Sour
Thailand's Weed Dream Turns Sour
4 Feb
Summary
- Thailand, Asia's first to legalize cannabis, faces market crisis.
- Oversupply of shops and public backlash fuel industry concerns.
- Recriminalization is being considered amid political turmoil.
Thailand, the first Asian nation to decriminalize cannabis, finds its once-thriving market at a critical juncture. Four years after legalization, the initial optimism for a tourism surge and a billion-dollar industry has waned considerably. This downturn is marked by an overabundance of cannabis shops and a growing public discontent.
These challenges have led to a fierce public backlash and an oversupply within the market. As a result, the industry is now confronting the possibility of recriminalizing weed. This developing situation is being closely watched as it unfolds within a political firestorm.
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