Thailand Legalizes Medical Cannabis

This news out of Thailand is huge for two reasons.

#1 it expands the size of the international cannabis market. Thailand is one of the largest countries in Asia. Its population of 70 million citizens is the 10th largest out of 50 in Asia according to Wikipedia. Thailand’s GDP of $450 million in 2017 made it the 8th largest economy in the region and the 26th largest in the world.

#2 as you read above Asia is home to some of the strictest drug laws in the world. This demonstrates that as attitudes about cannabis change all around the world, they are also changing in Asia. The Asian population is massive – its the most populous continent in the world. Progress on cannabis opens up huge new markets.


About the Author

Michael Vodicka is an equity analyst with more than 20 years of experience trading and investing. His research has been featured in some of the industry’s most respected publications. He has been investing and leading investors in the cannabis sector since 2013.