Are You Aware Of This Southeastern Asian Cannabis Market???

When it comes to strategic international markets for the cannabis and hemp industries, Asia has been one of the least talked about regions. We believe the region will play a key role in the growth of the global cannabis and hemp industries and expect to see more countries focus on this market in the coming years.

In 2020, Thailand became the first country in Asia to decriminalize the production and use of medical cannabis. The decriminalization of cannabis comes after cannabis was removed from the list of illegal drugs (according to Thailand’s Narcotics Law) and we are favorable on how the industry has recently advanced.

The Asian cannabis market is in its infancy and we believe that Thailand represents an attractive long-term opportunity. Only a few companies have announced plans to capitalize on Thailand. A select number of these companies are executing on a plan to capture market share and we want to highlight a business that has made meaningful process.

From a population standpoint, Asia is the largest continent in the world and we are bullish on the long-term opportunity for the cannabis industry in the region. Although the move by Thailand represents a major step forward, the government did not provide much clarity on the use of recreational cannabis and we expect to learn more in the coming months.

Asia is a market that we have been excited about and believe that the opportunity is much less saturated when compared to North America and Europe. Very few countries in Asia have legalized some form of cannabis (CBD or medical cannabis) and we expect to see new markets open in the near future.

According to Prohibition Partners, Asia’s cannabis market is estimated to be worth more than US$5.8 billion by 2024. We are focused on identifying companies that could benefit from the growth of the Asian cannabis industry and are especially bullish on the opportunity in Thailand.

If you are interested in learning more about companies with leverage to Thailand, please send an email to support@technical420.com with the subject “Thailand Cannabis” to be added to our distribution list.

Company Relationship Disclosure

T420 is responsible for the T420 opinions provided in this disclosure except all sources or information provided by other parties were not verified or authenticated and T420 does not undertake to confirm or substantiate or be responsible for such information provided by other parties.

Any Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. We cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. All information should be independently verified. We are not responsible for errors or omissions in our publications, and any opinions expressed are subject to change, without notice. We do not, nor are we under any obligation to undertake due diligence or investigation or authenticate and verify whatsoever regarding Profiled Issuers or any Content posted in relation thereto and we do not receive any verification from the Profiled Issuer regarding the Content we disseminate. Similarly, while we endeavor to facilitate the provision of quality information, we are not responsible for any loss or damages caused or alleged to have been caused by its use nor verify or authenticate or update such information.

This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws.

Share

Tags

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

Top Stories