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420 with CNW — Pro-Cannabis Legalization Tycoon Becomes PM of Thailand

Thailand’s parliament has appointed Anutin Charnvirakul as the country’s new prime minister after days of tense political maneuvering. Lawmakers voted for him following long negotiations sparked by the dismissal of former leader Paetongtarn Shinawatra. 

Only a week prior, Paetongtarn was removed from office when the Constitutional Court declared that she had violated moral principles in managing a boundary dispute with Cambodia. She is the fourth member of the Shinawatra family to be forced out of power before completing a term. 

The ruling set off fierce bargaining among parties, with Anutin’s Bhumjaithai party and Pheu Thai working hard to rally support. 

Anutin, aged 58, has been in politics for years but first made headlines as the driving force behind Thailand’s decision to decriminalize marijuana. His family controls one of the country’s most influential construction firms, responsible for major projects including Bangkok’s Suvarnabhumi Airport and even the national parliament building. 

Over the years, he has held several cabinet positions, including Health Minister and Interior Minister. His most controversial role came during his health ministry tenure when he championed marijuana legalization. Critics argued that the laws were passed too quickly, opening the door to widespread recreational use, but Anutin has consistently maintained that the law was meant for medical purposes. 

Speaking outside parliament, Anutin pledged to dedicate himself fully to solving the country’s challenges. He told reporters that he plans to give his full energy to the job and treat every day as an opportunity to deliver results. 

To secure his win, Anutin reached an agreement with the reformist People’s Party. Although the People’s Party does not share political values with Bhumjaithai, its leaders argued that the path offered the fastest way to push for reforms. However, the party has declined to join his administration, and some of its supporters remain skeptical that Anutin will keep his word. 

Anutin won against 77-year-old lawyer Chaikasem Nitisiri of the Pheu Thai with a 311-152 vote. 

The outcome is another setback for former prime minister Thaksin Shinawatra, whose once-dominant influence has weakened since his controversial return from 15 years abroad in 2023. His deal with conservative elites, which allowed his homecoming, has since collapsed. His popularity has slipped, while ongoing legal battles continue to haunt him. 

Writing on X, Thaksin said he was in Dubai for medical treatment and meeting old friends, adding that he would return to Thailand to attend court. 

Will Anutin’s ascendance to the office of PM result in marijuana policy reforms given his previous efforts to legalize the substance? A policy change would create a large market for marijuana in the country and trigger opportunities for many businesses, not just those directly dealing in marijuana but also other ecosystem players operating akin to Innovative Industrial Properties Inc. (NYSE: IIPR) in the U.S. 

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