Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Thai government to reclassify marijuana as a narcotic, require permits for use By: FOXNews.com May 23, 2024 at 09:16 AM EDT Thailand's public health minister announced plans on Thursday to reclassify cannabis as a narcotic, permitting its use only for medical purposes and research. Thailand plans to relist cannabis as a narcotic and issue permits only to those who grow and use it for medical purposes and research, Public Health Minister Somsak Thepsutin said on social media on Thursday.The comments follow a stunning policy reversal this month by Prime Minister Srettha Thavisin, who pledged to re-criminalize cannabis by the end of the year after it was de-criminalized in 2022.Recreational use will be barred by a new regulation, Somsak said, with a license required by those who grow, export and possess it for medical and research use, although details of the licensing process were still being worked out.THAI PM FACES EXPULSION AS COURT ACCEPTS ETHICS PROBE OVER CONTROVERSIAL CABINET APPOINTMENT"The permit system must not place an unreasonable burden on the public," he said in a post on Facebook, adding that there would be a grace period for the public to adjust.Pro-cannabis groups have protested against Srettha's move, saying it stands to damage business confidence after thousands of cannabis cafés and dispensaries sprang up after legalization, an industry projected to be worth up to $1.2 billion by 2025.Thailand has a long tradition of using marijuana to relieve pain and fatigue, and it also finds use in traditional medicine and recipes.The Southeast Asian country first legalized cannabis for research and medical use in 2018 and two years ago dropped the plant from the national narcotics list, allowing people to grow, sell and consume it. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Thai government to reclassify marijuana as a narcotic, require permits for use By: FOXNews.com May 23, 2024 at 09:16 AM EDT Thailand's public health minister announced plans on Thursday to reclassify cannabis as a narcotic, permitting its use only for medical purposes and research. Thailand plans to relist cannabis as a narcotic and issue permits only to those who grow and use it for medical purposes and research, Public Health Minister Somsak Thepsutin said on social media on Thursday.The comments follow a stunning policy reversal this month by Prime Minister Srettha Thavisin, who pledged to re-criminalize cannabis by the end of the year after it was de-criminalized in 2022.Recreational use will be barred by a new regulation, Somsak said, with a license required by those who grow, export and possess it for medical and research use, although details of the licensing process were still being worked out.THAI PM FACES EXPULSION AS COURT ACCEPTS ETHICS PROBE OVER CONTROVERSIAL CABINET APPOINTMENT"The permit system must not place an unreasonable burden on the public," he said in a post on Facebook, adding that there would be a grace period for the public to adjust.Pro-cannabis groups have protested against Srettha's move, saying it stands to damage business confidence after thousands of cannabis cafés and dispensaries sprang up after legalization, an industry projected to be worth up to $1.2 billion by 2025.Thailand has a long tradition of using marijuana to relieve pain and fatigue, and it also finds use in traditional medicine and recipes.The Southeast Asian country first legalized cannabis for research and medical use in 2018 and two years ago dropped the plant from the national narcotics list, allowing people to grow, sell and consume it. Related Stocks: Fancamp Exploration Ltd