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Emerging Markets: Thailand

The Current State of Cannabis in Asia’s First Legal(ish) Hub
By Ben Owens

Until recently, Thailand had the highest rate of incarceration for drugs in Asia. Then, in 2022, the nation de facto legalized cannabis and is anticipating ฿28 billion ($745M USD) in cannabis revenue this year alone.

Here’s what happened:


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  1. Maguire, P. (2018, April 30). Thailand’s Legendary Marijuana. The Diplomat.
  2. Cannabis-infused food and drink products are not for everyone. (2022, June 30). Thai PBS World.
  3. Bush, A. (2022, August 30). Cannabis is now legal in Thailand, but it’s complicated: what travelers need to know. Lonely Planet.
  4. Wipatayotin, A. (2022, August 18). Anutin open to more relaxed laws on pot. Bangkok Post.
  5. Newsroom, T. (2022, July 14). Rules and regulations concerning cannabis and hemp use in Thailand. TAT Newsroom.
  6. Wipatayotin, A. (2022, September 20). Anutin slams call to re-list cannabis as narcotic plant. Bangkok Post.
  7. Sripiachai, P. (2022, September 23). Lack of rules hits farmers. Bangkok Post.
  8. Reuters. (2022, August 17). Pot-smoking tourists not welcome in Thailand: health minister Anutin.
    Bangkok Post.
  9. Wipatayotin, A. (2022, August 17). Anutin: No social problems from decriminalised cannabis. Bangkok Post.
  10. Arunmas, P. (2022, July 22). Cannabis valued at B43bn by 2025. Bangkok Post.
  11. Reporters, O. (2022, July 9). Certificates issued to almost 1m people wanting to grow cannabis. Bangkok Post.
  12. Olarn, K., Chen, H. (2022, June 9). Thailand just decriminalized cannabis. But you still can’t smoke joints, minister says. CNN.
  13. Four Si Racha cops transferred for arresting woman with one cannabis plant. (2022, June 1). Thai PBS World.
  14. Yuvejwattana, S. (2022, July 21). Cannabis Market in Thailand Seen Growing to $1.2 Billion by 2025. Bloomberg.
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