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Thai stocks enjoying boost on links to medicinal drugs

But the hype is beginning to lose its buzz among some local securities companies

Bangkok

THAILAND - the first country in South-east Asia to partially legalise cannabis in 2019 - has since January this year granted licences to companies, individuals and government bodies seeking to grow or use the plant for medical treatments, pharmaceuticals or consumer products.

As of mid-April, Thailand's Food and Drug Administration (FDA) - the agency which is responsible for registering all legal cannabis usages - had already handed out 1,649 licences for cannabis growing, possession, research, extraction and production.

Since January, hardly a week goes by without a listed Thai company announcing plans to use cannabis to increase sales or diversify their product lines, often boosting their...

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