A draft law to greatly expand medical cannabis regulations in Thailand is expected to be unveiled this week, a move that executives say will open the door to potentially millions of dollars in investments.
In the works since last year, the draft narcotics code will permit medical marijuana research on humans.
The law will first be analyzed by the country’s cabinet, according to the Bangkok Post. Then it will go to the National Legislative Assembly.
The move shows Thailand is serious about medical marijuana, Jim Plamondon, vice president of Thai Cannabis Corp., told Marijuana Business Daily.
He said Thailand is on pace to be a leading player in the industry in Asia.
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