Nationwide crackdown launched on illegal nominee shareholders and land holdings
Explainer: Everything you need to know about Thailand’s cannabis rule change
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Explainer: Everything you need to know about Thailand’s cannabis rule change
15 Sept 07:27Key points summarised by AI
Thailand's 2022 cannabis decriminalization has led to a "weed boom" with significant negative impacts, including a surge in healthcare costs (15.82 billion baht in 2023) and increased recreational use, particularly among teenagers.
The absence of robust regulations has resulted in a proliferation of unregulated cannabis shops, lax enforcement of age restrictions, and a rise in cannabis-related health and social problems across communities.
In response, the Public Health Ministry is tightening controls, mandating doctor prescriptions for cannabis purchases, limiting dispensed amounts, and implementing quality standards, while several draft laws await parliamentary review to establish a comprehensive regulatory framework.
Nationwide crackdown launched on illegal nominee shareholders and land holdings
Today 15:20Key points summarised by AI
Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.