The Thai government allows the trade in marijuana for medical and research purposes. Legalization of marijuana in the land of elephants was celebrated as “cannabidiol isolate as a new year gift” for the Thai people. Until the 1930s the Thai people actually still had the medical tradition of using marijuana to reduce pain or fatigue. After long disappearing thanks to the 1979 Narcotics Act, now the old culture is allowed to spring again. This is a new year gift from the National Legislative Assembly for the government and people of Thailand – said Somchau Sawangkarn, Chair of the Amendment Act Committee, after passing a draft amendment to the Draft Law on Drugs in the final seconds of the trial period, just before the new year’s holiday. When a number of countries in the world began legalizing marijuana for medical purposes, such as Colombia, Canada, and the United States, countries in Southeast Asia are still struggling with regulations that forbid the circulation of psychotropic plants with the threat of capital punishment. Indonesia, Malaysia and Singapore include;
The national discourse about marijuana in Thailand is different from other countries in Southeast Asia. The legalization of marijuana was dogged by controversy surrounding the request of foreign companies to register patents on marijuana-based medical products. If successful, the Thai people will increasingly have difficulty accessing these medicines. We ask the government to reject the application before the new law comes into force. The leader of the Thai military junta, Prayut Chan-Ocha, is reported to have used his power to protect local marijuana products from threats of foreign company patents. To the extent that the government invested the US $ 3.6 million to open a marijuana plantation for research purposes.
Economic analysts predict that the global market for medical marijuana products will reach the US $ 55.8 billion by 2025, according to research published by Grand View Research in 2017. The business opportunity was also spotted by the Thai government when legalizing marijuana.