The country’s legal marijuana business — a rarity in Asia — is struggling with oversupply, illegal imports and regulatory ambiguity. Investors are piling in anyway.
In Bangkok these days, it’s hard not to notice the weed dispensaries catering to tourists that have multiplied since the government decriminalized the drug last year.
Many of them take advantage of lax regulations to openly sell visitors dried marijuana flowers that have been imported illegally from Canada or the United States. On a recent afternoon, one shop advertised its pungent offerings — weed strains with names like “Ice Cream Cake” and “Lemon Cookies” — as “California’s finest.”
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