Cannabis contains cannabidiol oil, also known as CBD, which can be used to treat many ailments. Gunkul earned 4 million baht from the cannabis business last year and expected to make 100 million baht in 2024. The firm posted revenue of 10 million baht in the first quarter. Gunkul saw a sign of the policy flip-flop after a bill to control cannabis usage could not be passed by parliament. The U-turn on state policy could cause cannabis product retailers to stop investment and even shut down their businesses, said Ms Sopacha.

Source: Bangkok Post May 15, 2024 01:13 UTC