Transcript of the above video:

As the title of this video suggests, we are discussing the Cannabis business here in Thailand specifically foreign involvement in the Cannabis business. I have noticed a lot, a lot, a lot of misnomers out in the ether of the internet; just a lot of information that is just not really in line with, well and really it is more a policy matter at the moment because we are still kind of dealing with the ins and outs of a regulatory structure coming in and being promulgated. We've yet to actually see that but yeah I think there's a lot of misconceptions in the foreign community right now in Thailand on this and I kind of wanted to clear up a little bit. 

Going back to a rather old article and the article is from Kao Sod English, that is khaosodenglish.com, and the article is titled: Thai Law: Foreigners and the Medical Marijuana Law Explained. This was written by a Thai Attorney. I found this to be a very interesting article. Quote: "Companies established under Thai Law that have a local office qualify for licences to "produce, cell, import, export and possess" marijuana if Thai nationals own at least two-thirds of the capital and if at least two-thirds of their directors are Thai. The lawmakers were hoping that one-third foreign ownership in a Thai company could result in the transfer of some technology know-how for developing marijuana based pharmaceutical products for local distribution and export."

So I think that kind of sums it up. Again I urge those who are watching this video, go check out that article but long story short, foreigners need to be really, really careful. I have seen a lot of, it is not misinformation, just I would say it is inaccurate as to the policy thinking right now and we are still not at the finish line with this whole thing yet. We don't know exactly how this is going to play out so we don't know what the regulatory structure is going to look like but a couple of things that I have been talking about for a long time now is Cannabis involves stuff that Thais are going to be, in a policy sense are going to be pretty cagey about, most notably agriculture. It's an agricultural product. Thailand is very protective of its agricultural sector. It also involves cultivation of land; again highly restricted from foreigners. Perhaps sales etc., yes, you might have a situation where a foreigner can be involved in that but not in any active sense in an operation that isn't two-thirds owned by a Thai; you're not going to be able to get a license for that. So again, it is going to heavily depend on the circumstances prevailing in someone's given case but the thing foreigners need to bear in mind with respect to this is, this a highly protected sector of the Thai economy and I don't think it's going to cease to be anytime soon.