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Public Protests Against Cannabis Reclassification in Thailand by 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Major news outlets reporting on protests in Thailand
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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Similar markets
Yes • 50%
No • 50%
Reversal of Decision • 33%
Partial Amendment • 33%
Full Enforcement • 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%
Increase in Market Value • 33%
Decrease in Market Value • 33%
No Significant Change • 33%
Growth • 50%
Decline • 50%
Significant Negative Impact • 33%
Moderate Negative Impact • 33%
Minimal or No Impact • 33%
