There's Progress In The Cannabis Sector Across Thailand And Brazil

Thailand is paving its way toward allowing private production and sale of marijuana for medical use.

According to Reuters, the country’s cabinet approved amendments to its narcotics act on Tuesday. Once they are legally reviewed, the amendments will be sent before the Thai parliament.

Thailand legalized marijuana in 2017, and was the first Southeast Asian nation to do so.

“The law will promote the pharmaceutical industry and increase competitiveness,” said Anutin Charnvirakul, Public Health Minister.

The country aims to become a leader in medical cannabis, added Charnvirakul.

However, possession of recreational cannabis is still illegal and punishable in the country.

Meanwhile, in South America, Brazil has been witnessing a growing number of personal imports of cannabis.

According to the country’s health regulator, Brazil counted 18,650 individual patients who imported nonregistered medical cannabis products at the end of March, reports Marijuana Business Daily.

The imported products must be signed off by a doctor and the National Sanitary Surveillance Agency.

The health agency said that imported products are not restricted to CBD only, even though they represent the majority.

Last year, Brazil adopted new rules permitting cannabis products, which were not subject to clinical trials, to receive “sanitary authorization.”

These products can be manufactured in-house and also distributed via pharmacies.

Posted In: CannabisGovernmentNewscannabis industry

Missed the first wave of cannabis investments? Don’t make that mistake again.

Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth.

Join Benzinga PotProfits. Our in-house canna stock expert, Michael Berger, is on a mission to uncover the most promising cannabis stocks poised for growth, even in a dull market. He leaves no bud unturned to bring you the juiciest potential double-digit opportunities!

Just this year, the PotProfits portfolio has seen smoking-hot gains like:

  • 47.10% with $GTBIF
  • 40.23% with $TCNNF
  • 21.50% with $VFF

But here's the kicker: Michael is about to release his next potential winners, and he's chomping at the bit to share these ticker symbols with you ASAP.

Don't miss out on the green rush!


Loading...