On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

420 with CNW – Is Thailand Ready for Cannabis Legalization?

A drafting committee in the Thai Legislative Assembly is working on a bill to legalize marijuana in the state. However, many people are wondering whether the country is ready for this move. An analysis of the factors on the ground shows that the road to legalization has a lot going for it while some obstacles remain, as explored in the discussion below.

Why It May Be Time for Legalization

A long history of cannabis use. Cannabis had been used for centuries in Thailand before it was outlawed in 1934. Laborers had for long used it to relax their sore muscles while expectant mothers used it to ease labor pains. The plant was also used as a cooking ingredient. These deep roots of cannabis use also gave the industry the word “bong” derived from Thai. This long history of use therefore makes the legalization of cannabis a no-brainer for this country.

The locals are experts in cultivating the plant. The benefit of the long history of cannabis use in Thailand has also resulted in generations of expert cannabis cultivators in the country. The locals are so good at this that they can identify a seed that will grow into a male plant! Legalization would allow these experts to practice their craft and earn from it.

Thailand is home to a unique cannabis strain. Thailand has a unique cannabis sativa strain that is sought after across the world because of its high THC content. This strain has a citrus aroma and it gives a high that doesn’t cause the user to be lethargic or drowsy. Legalization can allow this gift of nature to be exploited commercially.

But, There Are Roadblocks…

U.S. influence may delay legalization. Thailand has deep ties with the U.S. spanning decades. In fact, the banning of cannabis in 1934 was a result of U.S. pressure on the country. The U.S. Drug Enforcement Agency (DEA) even maintains an office in the country. As things stand at the federal level in the U.S., it would be expecting too much for one to think that the U.S. will not try to influence the process of discussing whether marijuana should be legalized or not.

Concerns over foreign firms. The road to legalization is likely to be bumpy as local firms jostle with foreign entities for control of the cannabis industry. Already, a storm is brewing about pending patents that have been filed by foreign companies. Locals see this as an attempt to lock them out of the industry, and they aren’t taking it lying down. The bill being drafted may stall while a way out of this storm is found.

All in all, global trends and the need to boost the agriculture-based economy of Thailand are likely to provide the momentum needed to pass medical cannabis legislation quickly in order to take advantage of the opportunities available.

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) and Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) hope that any stumbling blocks can be resolved quickly so that the people of Thailand can enjoy the economic and medical benefits that the marijuana industry has to offer.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Archives

Select A Month

Contact us: 303.498.7722