The global cannabis landscape is changing quickly as countries around the world reassess their view on this once-stigmatized plant. In this article, we will look at the latest updates from Brazil and Thailand, as well as discuss the upcoming report on foreign aid by HRI.
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Brazil’s ExpoCannabis
Brazil is currently engaged in a heated debate about cannabis. The country recently hosted its first-ever “ExpoCannabis” in Sao Paulo, bringing together cannabis enthusiasts for a three-day event. The fair featured DJs, guest speakers, and a variety of cannabis products. Notably, attendees were able to freely consume marijuana in a spacious outdoor area.
The goal of ExpoCannabis was to showcase the diverse applications of the cannabis plant beyond pharmaceuticals. These include sectors like food and beverages, construction, textiles, and biofuels, as highlighted by event organizer Larissa Uchida. The event expected around 20,000 participants.
Read More: Canadian Weed Giant Ventures Into Brazilian CBD Market Via New Partnership
Thailand’s Stance on Cannabis
Turning our attention to Southeast Asia, Thailand has seen significant changes in its cannabis policy. The country decriminalized cannabis last year, with a focus on medical applications. While Thailand’s Prime Minister opposes recreational cannabis use, he supports its medical use. Projections suggest the Thai cannabis industry will reach a value of $1.2 billion, driven primarily by medical purposes.
Thailand’s Public Health Minister is leading efforts to establish strict regulations on cannabis, emphasizing its use exclusively for medical and health-related purposes. A committee has been formed to review a bill governing the industry, which may include a prohibition on recreational use. The final decision rests with the cabinet, which will consider the committee’s findings.
HRI’s Report on Foreign Aid
In addition to these developments, Harm Reduction International (HRI) recently released a report titled “Aid for the War on Drugs.” The report highlights how wealthy nations, including the United States and Europe, have redirected foreign aid towards funding the global war on drugs instead of addressing pressing issues such as poverty, healthcare, and education.
Over the past decade, 30 donor countries collectively spent $974 million on “narcotics control,” with some of these funds reaching countries that impose the death penalty for drug-related offenses. HRI’s report calls on governments, particularly the U.S., to reconsider how they allocate aid budgets to avoid supporting harmful drug policies.
Read Next: Colombian Cocaine Nears Oil Revenue: War On Drugs Failure And Rural Inequality Amplify The Equation
Cannabis Capital Conference In Chicago
If you want to stay informed about the latest global cannabis developments, consider joining us at the Benzinga Cannabis Capital Conference in Chicago on September 27-28. Get your tickets today to secure a spot at the forefront of cannabis investment, retail, culture, and branding.
Photo: Courtesy Of Ilona Szentivanyi Via Benzinga & El Planteo
