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Business trends

Thailand companies make marijuana investments after legal shift

Decriminalization prompts conglomerates and small businesses to grow thousands of plants

BANGKOK -- Thailand's marijuana and hemp business is drawing interest from companies large and small in the country, attracting more than 1.2 billion baht ($35 million) of investment as they aim to cash in on the decriminalization of cultivation and use of the plants.

Marijuana and hemp will be removed from the category 5 narcotics list, starting Thursday, according to the Thai Food and Drug Administration. To operate a legal marijuana-related business in the country, growers can simply register through the Pluk Kan mobile app.

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