It looks promising that Thailand will become the first Asian country to legalize medical marijuana now that a bill has been presented to the National Legislative Assembly. The Prime Minister, Prayuth Chan-ocha, plans to discuss this bill with supporters and hopefully put it on a fast track to being passed.
Legalizing medical marijuana in Thailand would lead to huge potential economic gains for the country. While the U.S. and Canada have a head start with their cannabis industries, Thailand could become a huge competitor if they act quickly enough.
Even just by legalizing marijuana medically, and not recreationally, Thailand could see the growth of a multi-billion dollar industry. Since Thailand is capable of growing such great quality weed at low costs, legalizing the commercial growth of cannabis in general would generate massive revenues and make Thailand internationally known for their product.
Thailand has a long history with cannabis, beginning with farmers who used marijuana and kratom leaves to to help relax, sleep, and eat. Even today, while marijuana has not yet been officially legalized, many people continue to use the product for medicinal purposes. Cannabis oil is popular in Thailand as a treatment for cancer despite the current legislation. Every day, support for the legalization of marijuana grows.