Cannabis News Week: Thailand to distribute 1 million cannabis plants

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As the US Congress continues to debate the legalization of cannabis, Thailand has declared that it will distribute marijuana plants to 1 million homes across the country.

Agriculture accounts for about a third of Thailand’s economy.

On June 9, the country will allow people to grow cannabis at home after notifying their local authorities.

Thailand is one of the most forward-thinking countries in the world when it comes to marijuana regulation.

It became the first Southeast Asian country to legalize medical cannabis in 2018.

People who sign up will be required to grow medical-grade cannabis, but they can have it for their own use or as part of a small business.

It will be illegal to cultivate and sell cannabis containing more than 0.2% THC.

Big companies will still need to seek permission from the country’s Food and Drug Administration to sell the plant, according to the Indian Express.

Thailand’s embrace of cannabis goes against the laws of many other countries in the region.

In Singapore, possession can get you up to 10 years in prison, and trafficking is an offense punishable by death. Indonesia and Malaysia have also put traffickers to death.

Cannabis market in Zimbabwe struggles to grow

Zimbabwe has had legal medical cannabis for as long as Thailand.

The country has allowed licensed growers to grow marijuana since 2018, and in 2021, the country licensed 57 foreign and local growers to grow in the country.

Cannabis sales there were expected to hit $1.25 billion last year, according to Bloomberg.

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Last year’s action was a relief for farmers who grew tobacco, as sales of the crop, which is the country’s main agricultural export, have declined in recent years.

“We’re ready to sell cannabis at $25 a kilogram, which is five, six times more than what a good tobacco crop can give you. We’re actually sitting on a mine of green gold,” he told Reuters Nyanungo, a 35-year-old farmer. .

However, the price of starting a cannabis business capable of producing medical-grade products is not cheap.

A greenhouse costs around $500,000, and that doesn’t include the drip system or seed inputs.

Growing a hectare of cannabis can cost up to $2.5 million, leading growers across the country to lobby the government to relax rules and cut costs.

This means that foreign players will dominate the market, at least initially.

The Zimbabwe Investment and Development Agency said it had granted licenses to German, Swiss and Canadian investors, “as well as some local players”.

New Jersey City changes its mind about cannabis

Secaucus changed his mind. He wants to have fun.

The New Jersey city five miles from Manhattan had voted to ban recreational cannabis businesses in the city on August 20 last year, just a day before the deadline for making such a decision.

Fast forward nine months, and his city council has now voted 5-2 to overturn that restraining order.

“I am not in favor [of the ban]. Really, it’s all about finances,” Mayor Michael Gonnelli said, according to the Hudson Reporter.

“Financially, we can make a lot of money selling recreational marijuana.”

“If people don’t get it here, they’ll go to Jersey City or North Bergen,” Gonnelli said. “They’re all going to sell it. We really don’t care.”

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