Thai stocks enjoying boost on links to medicinal drugs
But the hype is beginning to lose its buzz among some local securities companies
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
