Thailand's Move Forward Party Proposes Reclassification of Cannabis as Narcotic

In a significant shift, Thailand's Move Forward Party has proposed reclassifying cannabis as a narcotic, a move that could reverse the liberalization efforts made just a year ago. This proposal comes in the wake of the party's recent electoral victory, ousting the conservative administration that had initiated the cannabis decriminalization. The potential policy change has sparked concern among local cannabis entrepreneurs who fear it could undermine the burgeoning industry

The decriminalization of cannabis in Thailand had led to a surge in legal cannabis businesses, with over 12,000 companies obtaining licenses and approximately 1.1 million individuals registering to cultivate cannabis at home. Despite the lack of a comprehensive legal framework, the industry has flourished under the lax regulatory environment. However, the proposed reclassification threatens to disrupt this growth, prompting a strong reaction from stakeholders

In response to the proposed policy shift, a petition opposing the reclassification has garnered signatures from 5,200 individuals and 200 businesses. Critics argue that reclassifying cannabis as a narcotic would infringe on citizens' rights and betray the progressive voters who supported the Move Forward Party. Suphamet Hetrakul of Teera Ventures, a cannabis farm owner, expressed his disappointment, stating that such a reversal would damage Thailand's credibility internationally

Move Forward Party representative Sirikanya Tansakun has defended the proposal, emphasizing the need to address the current legal void and regulate cannabis use effectively. She assured that the government intends to support businesses that have invested legally, while also cracking down on unlicensed street vendors and illegal drug imports. Tansakun affirmed that the new regulations would focus on controlling and supporting beneficial uses of cannabis

The future of Thailand's cannabis industry now hangs in the balance as the government prepares to introduce the reclassification legislation in Parliament. While the proposal aims to establish a more controlled market, it remains to be seen how it will impact the existing businesses and the broader community. The outcome of this legislative process will determine whether Thailand can maintain its position as a progressive leader in cannabis policy in Asia