Thailand bets on private medical marijuana to lift economy

BANGKOK: Thailand’s ailing economy, particularly its tourism and agriculture sectors, is poised to get a boost from new rules that ease the private cultivation and sale of medical marijuana.

The latest plan will lift limits imposed when the country in 2018 became the first in Southeast Asia to legalise medicinal use of the herb. Private medical practitioners with licenses will gain the right to “grow, produce and export marijuana”, he said, adding that Thai farmers will gain “more options for income”. Priority will be given to Thai investors, Marut said.

Meanwhile, the wellness tourism sector generated domestic expenditures of US$12 billion in 2017, more than the combined amounts in Indonesia and Malaysia, according to a report by the Global Wellness Institute.

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