Loading...
Market
Increase in Cannabis-Related Criminal Charges in Thailand by Mid-2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Police or justice department statistics released to the public
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.
View original story
Similar markets
Yes • 50%
No • 50%
Growth • 50%
Decline • 50%
Significant Negative Impact • 33%
Moderate Negative Impact • 33%
Minimal or No Impact • 33%
Further restrictions • 33%
No change • 33%
Further liberalization • 33%
Increased investments in Thailand • 25%
Divestment from Thailand • 25%
No significant change • 25%
Increased regulatory scrutiny • 25%
Improvement in public health metrics • 33%
Worsening of public health metrics • 33%
No significant change • 33%
Yes • 50%
No • 50%
Reversal of Decision • 33%
Partial Amendment • 33%
Full Enforcement • 33%