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Text Content

HUNDREDS OF CANNABIS ADVOCATES RALLIED IN BANGKOK PROTESTING GOVERNMENT'S
MARIJUANA POLICY U-TURN

by Nina Zdinjak


May 29, 2024 12:06 PM | 3 min read



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Hundreds of marijuana entrepreneurs, farmers and advocates gathered on Tuesday
in Bangkok to protest the government's recent decision to reclassify cannabis as
a narcotic, reported Bloomberg.

The rally was held in front of the United Nations Economic and Social Commission
for Asia and the Pacific headquarters. Advocates, carrying "stop villainizing
cannabis" posters, managed to collect close to 2,000 signatures for a legal
petition against the government's move.

In May, Thailand's Prime Minister Srettha Thavisin announced the intention to
re-criminalize cannabis by the end of 2024, reversing the country´s 2022
decision to decriminalize the plant. The 2022 decision made Thailand the first
country in Southeast Asia to legalize recreational cannabis and the third in the
world after Canada and Uruguay. Since then, cannabis stores have proliferated in
Thailand, due to a lack of regulation.

New pressure from the public to reverse cannabis law came after the concert of
British rock band Coldplay where attendees complained on social media that “the
entire concert smelled like marijuana.” In February, Thailand Public Health
Minister Cholnan Srikaew said that a new bill banning recreational marijuana is
being urgently pushed to be taken up at the next Cabinet meeting.

“The new Bill will be amended from the existing one to only allow the use of
cannabis for health and medicinal purposes,” Srikaew said a the the time. “The
use for fun is considered wrong.”

As more countries embrace legal recreational or medical cannabis, the
opportunities in the industry grow. To learn all about the future of the
cannabis industry, join us at the Benzinga Cannabis Capital Conference this
October in Chicago. Hear directly from key industry players and policymakers.
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ANOTHER RALLY SCHEDULED

Jerawat Tanyaprirom, a cannabis business owner said that the petition is to be
filed with the Central Administrative Court against Prime Minister Thavisin.
petitioners were asked to disclose projected financial losses they would
experience in case of cannabis reclassification.

"If the government backed down, we wouldn't need to file this petition,"
Tanyaprirom said. "But we want to have this as ammunition."

"If we use the narcotics law, we will be putting cannabis back in jail and
allowing it to be grown by only some groups of people," advocacy group Writing
Thailand's Cannabis Future stated Tuesday.

The group is also calling for another rally on June 9th, which marks the second
anniversary of the country's cannabis decriminalization.

Naren Tolani, owner of All-Time High Cannabis Dispensary emphasized the cannabis
industry's impact on the country's economy, writes Thaiger. "This industry has
developed into a massive contributor to the Thai economy, and forcing the market
back underground will have an immensely detrimental effect on people's
livelihood, and health, and of course will cause a major strain on the criminal
justice system," Tolani said.

Under the proposed reclassification, marijuana for medical purposes is to remain
legal.

See Also: Thailand’s Cannabis Reversal Intensifies: Advocates Want Government To
Provide Scientific Justification For Recriminalizing Marijuana

Photo: Courtesy of Nelson Antoine via Shutterstock

--------------------------------------------------------------------------------

27% PROFITS EVERY 20 DAYS?

This is what Nic Chahine averages with his options buys. Not selling covered
calls or spreads... BUYING options. Most traders don't even have a winning
percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

--------------------------------------------------------------------------------


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Posted In: CannabisNewsAll-Time High Cannabis DispensaryCholnan SrikaewJerawat
TanyapriromNaren TolaniSrettha ThavisinThailand CannabisThailand cannabis
advocates rallyThailand cannabis reclassificationThailand medical
marijuanaWriting Thailand’s Cannabis Future

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.




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