Tourism

Thailand predicts its tourism industry will boom after marijuana legalization – Travel Weekly

Thailand became the first country in Asia to legalize marijuana on Thursday, in a move its government hopes will give a boost to the tourism industry.

The Thai government believes marijuana legalization will fit well with the country’s tourism practices.

The Thai government predicts that this new development will bring in up to 10 billion baht ($400 million) a year. Sydney Morning Herald.

“Many people come here to fix their face with plastic surgery. Many people come for dental and maxillofacial surgery as well as wellness retreats. In this context, marijuana integrates beautifully,” said Carl K. Lynn, author of the Cannabis Newsletter in Thailand.

Lynn predicts that instead of becoming an Amsterdam-like city, those who flock to Thailand to enjoy its cannabis will be “Silicon Valley types” as they visit the country on business trips.

CBD, which is a non-intoxicating compound found in cannabis plants, has already been offered throughout Thailand in some cafes, spas and restaurants.

Mark Ritchie, executive director of Thailand’s International Institute for Sustainable Development Research, said cannabis legalization could help the rural economy.

The keeper reported that Thai authorities are also exploring the idea of ​​a “cannabis sandbox” to allow tourists to visit certain areas while consuming cannabis recreationally.

An estimated 27.7 million tourists will visit Thailand just for health and wellness in 2022, bringing health and wellness tourism spending to $2.5 billion.

Research firm Prohibition Partners said the country’s recreational marijuana market could be worth $424 million by 2024.

Lynn believes the bill could help Thailand’s post-COVID economic recovery.

“Nothing as small as marijuana use can save [an economy]but I think it can give a spark,” he said.

Richie agreed, adding: “Thailand has handled Covid-19 very well, but it has still had a major impact on the economy.

“I wouldn’t be surprised if it’s part of the government saying, ‘Hey, we need to find a way to help lift the economy, and this might be one way to do it.’

However, Lynn warned that there could be some political controversy over legalizing marijuana in the country.

He said that the Thai Food and Drug Administration (FDA) is torn between two extremes; tourism advocates who want to limit regulation, and the drug board who want laws to be in place.

“My hope is that the FDA will not listen to the two extremes and…provide a clear legal space for recreational use with no strings attached,” Lynn says.

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