Wont to to far away when Laos fully integrate CBD THC oils and hemp food comsumables...alliances in Vietnam, possible Singapore...with hemp products
speculating CGB/CGA may have other suppliers in other Asian countries....see what happens....
A mini-guide to cannabis in Asia August 31, 2019
“This is a New Year’s gift from the National Legislative Assembly to the government and the Thai people,” said the Chairman of the country’s draft committee, Somchai Sawangkarn, as the Thai parliament voted to amend the Narcotic Act of 1979.
This Christmas Day 2018 ‘gift’ for the Thai people, approving the medical use of marijuana, could be credited for sparking a ‘Green Gold’ rush in the region.
Timeline: Changes to Cannabis Laws in Asia in 2019
18 Feb 2019: Thailand’s law to legalize medical use took effect
12 Mar 2019: South Korea’s law to legalize medical use took effect
24 Mar 2019: Japan approves trials for cannabis compound Epidiolex
After all, this Southeast Asian nation has gained a reputation for leading the ASEAN pack in adopting ‘Western’ laws.
Thailand’s early stance on the drug is perhaps unsurprising since it was Thai tradition to use marijuana to relieve fatigue and labor pains until it was criminalized in 1935.
South Korea’s policy to legalize medical marijuana took effect on March 12.
Japan followed suit, approving clinical trials on March 24 for the cannabis compound Epidiolex, an oral solution used in treating persons with epilepsy.
Meanwhile, Laos and Cambodia have also started to explore the potential for a form of legalization.
Thailand’s decision “a major first step in Asia” that could “potentially spread across the region.”
CGB Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
