Speculation of the license cost to growth and export of cannabis in Thailand
Opportunity
5th April 2020

Speculation of the license cost to growth and export of cannabis in Thailand

Clara Gibson
In the past, Cannabis has been widely used in Thailand for medicinal purposes, until 1930s where it was banned by the government. However, in December 2018 the government declared it legal, but for medicinal purposes only. Currently, Cannabis is grown and used under strict government restrictions for medicinal research. The citizens of Thailand are optimistic that the government will allow recreational use of cannabis. Analysts are also hoping for a change in licensing of the lucrative plant. How will this go?

How beneficial is cannabis to both the citizens and the government?

Through analysing data from other countries, cannabis export is a very profitable business. Countries such as Canada and The USA have been pocketing huge profits from the cannabis market. Marijuana stocks are not only expensive but also capital intensive due to its scarcity and countless uses. Joining the international cannabis stocks and exchange market, will result to a major boost to the government. The global marijuana sales is fast growing, last year, it grew by over $16 billion, which marks a 38% increase. Private and international investors will definitely have a great interest in the good. It will be a win for the government, right?

As mentioned earlier, many people from

Licensing cannabis growth not only benefits the government but the citizens too, jobs will be created in the plantations, industries and distribution. There is a ready market for cannabis both internationally and locally. This gives a solid reason to license its growth; as more people gain financial stability, the economy will automatically grow.

Through financial independence of the citizens, the government will acquire more taxes. Taxes can be achieved directly through people's income and on exports. The taxes levied on goods are usually directly proportional to the value of goods. Cannabis is profoundly expensive, and will therefore provide more taxes to the government, which will result to a great economic boost.

As mentioned earlier, many people from Thailand have used cannabis for medicinal purposes, for easing pain and treating other illnesses. Since cannabis legalisation, these traditional medicines have been revived, and the advantages of these medicines are countless because it is natural. They maintain good health without posing a threat to the user's body, and they can be used to treat very many illnesses. Analysts are hoping for its licensing because of it health benefits.

Another advantage is that the government

Cannabis use for recreational purposes is opposed by many governments and health advisors. Since time immemorial, cannabis recreational use has been widespread, whether legal or illegal, people always find a way to access it. This is the case in Thailand too despite the harsh rules.

However, if you focus on the positive, cannabis has minor if any effects to the user because it is natural and not addictive. Moreover, it does not pose a threat as opposed to other commonly used drugs such as cigarettes. Smoking marijuana actually has many positive effects on the user.

Another advantage is that the government will have an easier time to focus on other development projects. Since legalisation, illegal recreational use has risen to more than 38000 cases. This means that much national resources are used to track the illegal users. Legalisation means redirecting these resources to other meaningful work in the country.

Speculation of the license cost to growth and export of cannabis in Thailand

These are few among many reasons why the Thailand government should legalise marijuana. In the reality, will the government license marijuana? This is a question in many people's minds, which does not have a clear answer right now. Analytically speaking, the government might license cannabis growth and trade. Countries such as Canada who have allowed cannabis growth and export followed this trend too. They first allowed medicinal use of cannabis, later allowed recreational uses. This however doesn't come on a platter, people have to push for it with aforementioned facts about the importance of marijuana.

Thailand might imitate other countries who licensed cannabis growth and trading, considering how lucrative it can be. Analysts are pushing for its licensing, it might not take too long to break the walls. Actually, some predict that it could be the county's cash crop with time. How profitable! This means that it will be available not only for the rich investors but also for the poor people of Thailand.

Currently, the laws state that marijuana is legal for medicinal use only. Remember, two years ago it was completely illegal even for medicinal purposes. Cannabis being allowed for medicinal purposes paves a way for its overall legalisation. It's just a matter of time, soon, Thailand might be in the international cannabis market.

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