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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Chinese Real Estate Loans

BEIJING, CHINA - MAY 1, 2024 - A building is under construction in the CBD of Beijing, May 1, 2024. On April 30, 2024, data released by the People's Bank of China showed that at the end of the first quarter of 2024, the balance of RMB real estate loans was 53.52 trillion yuan, down 1.1% year-on-year and 0.1 percentage points lower than the growth rate at the end of the previous year; The increase in the first quarter was 609.5 billion yuan, an increase of 1.16 trillion yuan over the fourth quarter of last year.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - Construction workers are walking past a building under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - Construction workers are working at a property under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - A construction worker is walking past a building under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - Construction workers are working at a property under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - A construction worker is walking past a building under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Australian winemakers excited about re-entry of bottled wine into Chinese market

STORY: Australian winemakers excited about re-entry of bottled wine into Chinese market SHOOTING TIME: March 17, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:45 LOCATION: ADELAIDE, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of the Dowie Doole winery in South Australia's McLaren Vale 2. various of Chris Thomas, managing director and chief winemaker of the Dowie Doole winery STORYLINE: China's Ministry of Commerce announced on Thursday that the country will lift anti-dumping and anti-subsidy tariffs on Australian wine from Friday. Australia welcomed China's decision, which comes at a critical time for the Australian wine industry, said an Australian government statement. The re-entry of Australian bottled wine into the Chinese market will benefit both Australian producers and Chinese consumers, the statement said. Australia's wine exports to China were worth 1.1 billion Australian dollars (some 713 million U.S. dollars) in 2019. Prime Minister Anthony Albanese said in the wine region of Hunter Valley

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Australia welcomes China's tariff lifting on Australian wine

STORY: Australia welcomes China's tariff lifting on Australian wine SHOOTING TIME: March 28, 2024 DATELINE: March 29, 2024 LENGTH: 00:01:35 LOCATION: Canberra CATEGORY: POLITICS/ECONOMY/MARKET SHOTLIST: 1. various of Australian winery 2. various of bottled wine in supermarkets STORYLINE: Australia has welcomed China's decision to lift anti-dumping and anti-subsidy tariffs on Australian wine. A joint media release from Australian government agencies said that the Australian side welcomes this outcome, which comes at a critical time for the Australian wine industry, adding that "the re-entry of Australian bottled wine into the Chinese market will benefit both Australian producers and Chinese consumers." China's Ministry of Commerce on Thursday announced that the country will lift anti-dumping and anti-subsidy tariffs on Australian wine from Friday. The media release introduced that Australia's wine exports to China were worth 1.1 billion Australian dollars (some 713 million U.S. dollars) in 2019.

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XINHUA PHOTOS OF THE DAY

(240218) -- BEIJING, Feb. 18, 2024 (Xinhua) -- A citizen walks past movie posters at a cinema in Hangzhou City, east China's Zhejiang Province, Feb. 16, 2024. China's box office revenue during this year's Spring Festival holiday has exceeded 7.84 billion yuan (about 1.1 billion U.S. dollars) as of 1:50 p.m. Saturday, setting a new record for the period, statistics showed. (Photo by Long Wei/Xinhua)

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#CHINA-SPRING FESTIVAL HOLIDAY-MOVIES-BOX OFFICE REVENUE (CN)

(240217) -- BEIJING, Feb. 17, 2024 (Xinhua) -- A citizen walks past a movie poster at a cinema in Gejiu City, southwest China's Yunnan Province, Feb. 15, 2024. China's box office revenue during this year's Spring Festival holiday has exceeded 7.84 billion yuan (about 1.1 billion U.S. dollars) as of 1:50 p.m. Saturday, setting a new record for the period, statistics showed. (Photo by Xue Yingying/Xinhua)

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#CHINA-SPRING FESTIVAL HOLIDAY-MOVIES-BOX OFFICE REVENUE (CN)

(240217) -- BEIJING, Feb. 17, 2024 (Xinhua) -- A citizen walks past a movie poster at a cinema in Hangzhou City, east China's Zhejiang Province, Feb. 16, 2024. China's box office revenue during this year's Spring Festival holiday has exceeded 7.84 billion yuan (about 1.1 billion U.S. dollars) as of 1:50 p.m. Saturday, setting a new record for the period, statistics showed. (Photo by Long Wei/Xinhua)

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#CHINA-SPRING FESTIVAL HOLIDAY-MOVIES-BOX OFFICE REVENUE (CN)

(240217) -- BEIJING, Feb. 17, 2024 (Xinhua) -- A citizen walks past movie posters at a cinema in Hangzhou City, east China's Zhejiang Province, Feb. 16, 2024. China's box office revenue during this year's Spring Festival holiday has exceeded 7.84 billion yuan (about 1.1 billion U.S. dollars) as of 1:50 p.m. Saturday, setting a new record for the period, statistics showed. (Photo by Long Wei/Xinhua)

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#CHINA-SPRING FESTIVAL HOLIDAY-MOVIES-BOX OFFICE REVENUE (CN)

(240217) -- BEIJING, Feb. 17, 2024 (Xinhua) -- A citizen walks past a movie poster at a cinema in Hangzhou City, east China's Zhejiang Province, Feb. 16, 2024. China's box office revenue during this year's Spring Festival holiday has exceeded 7.84 billion yuan (about 1.1 billion U.S. dollars) as of 1:50 p.m. Saturday, setting a new record for the period, statistics showed. (Photo by Long Wei/Xinhua)

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

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Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

E

Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

E

Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

E

Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

E

Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM

E

Thailand First Asian Country To Legalize Marijuana

Within a year, the country's marijuana industry was worth 28 billion Thai baht (728 million euros) and is expected to reach 336 billion baht (8.7 billion euros) by 2030 . But Just eighteen months after opening the floodgates to cannabis legalization, Thailand's new conservative coalition government is seeking to close them again. Signs for cannabis outlets have become ubiquitous in Bangkok's busy tourist area, and dispensaries are popping up on every street corner. Hundreds of food and drink vendors offer cannabis-infused menus. But all that could change with new proposals to strictly regulate marijuana use and limit its use for medical purposes.Since cannabis legalization, more than 1.1 million Thais have registered for a cultivation license and more than 6,000 marijuana dispensaries have sprung up across the country, often with poor quality control. Bangkok, Thailand on January 19, 2024. Photo by Patrick Aventurier/ABACAPRESS.COM