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Market
Impact on Cannabis Businesses in Thailand Post-Reclassification Announcement
4
Resolution / Starting Odds
Many businesses close • 33%
Businesses remain stable • 33%
New businesses emerge • 34%
Economic reports or surveys from business associations
Story
Thailand to Reclassify Cannabis as Narcotic by End of 2024, Reversing Decriminalization
May 8, 2024, 06:20 PM
Thailand's Prime Minister Srettha Thavisin has announced plans to reclassify marijuana as a narcotic by the end of 2024, reversing the country's previous policy of decriminalization. This decision comes two years after Thailand became one of the first countries in Asia to decriminalize cannabis. The move is expected to have significant impacts on small businesses and the recreational industry, which had flourished under the decriminalization policy. The government cites concerns about lack of regulation, increased availability to children, and a rise in related crimes as key reasons for this policy shift.
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Significant Negative Impact • 33%
Moderate Negative Impact • 33%
Minimal or No Impact • 33%
Increased investments in Thailand • 25%
Divestment from Thailand • 25%
No significant change • 25%
Increased regulatory scrutiny • 25%
Increase in Market Value • 33%
Decrease in Market Value • 33%
No Significant Change • 33%
Growth • 50%
Decline • 50%
Improvement in public health metrics • 33%
Worsening of public health metrics • 33%
No significant change • 33%
Reversal of Decision • 33%
Partial Amendment • 33%
Full Enforcement • 33%
Further restrictions • 33%
No change • 33%
Further liberalization • 33%
Stock prices of marijuana companies increase • 33%
Stock prices remain stable • 34%
Stock prices decrease • 33%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
