Thailand’s cannabis industry is on the cusp of a monumental transformation. A landscape once brimming with opportunity and audacious entrepreneurial spirit is about to witness a drastic shift, courtesy of the country’s newly imposed regulations. The Department of Thai Traditional and Alternative Medicine (DTAM) has unveiled a batch of stringent rules that could see as many as 12,000 cannabis flower shops close their doors by year-end, marking a critical juncture in Thailand’s burgeoning cannabis sector. The announcement was made in no uncertain terms by Dr. Somruek Chungsaman, DTAM Director General, on June 30. The decree heralds an era where the sale of cannabis will fall under the authoritative scrutiny of certified medical professionals, a stipulation that effectively raises the bar for retailers who must now operate within the confines of far stricter prescription mandates—or risk grave consequences, including closure. This regulatory overhaul demands that all cannabis prescriptions be issued exclusively…
