On June 9, Thailand became the first country in Asia, and only the third in the world, after Canada and Uruguay—to decriminalize cannabis nationwide.
Legalizing cultivating and consuming cannabis will boost the country’s economy in a region which traditionally was not very friendly to the green plant.
Thailand is already a major exporter of rice, sugar, cassava products, and other crops. The National Institute reported that the value of Thai food exports was $34.6 billion in 2021. The agricultural know-how and the relatively cheap labor are major competitive advantages in the fast-growing cannabis industry.
Israel’s cannabis technology is among the most advanced in the world, and we see enormous opportunities in cooperation with Thailand.