Thailand bets on cannabis, weak currency to lure tourists back

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The nation has set a ‘conservative’ forecast to attract 7.5-million foreign arrivals this year

A weaker currency and the recent legalisation of cannabis may help attract more tourists back to Thailand as it ends most pandemic-induced curbs, tourism and sports minister Phiphat Ratchakitprakarn said.

The nation has set a “conservative” forecast to attract 7.5-million foreign arrivals this year, based on the assumption that Chinese tourists will remain absent due to that country’s Covid-Zero policy and factoring in the war in Ukraine, Phiphat said. Foreign tourists are forecast to increase to between 750,000 to 900,000 arrivals per month from July. May arrivals rose 78% from a month earlier to 521,410.

Medical and wellness tourism is expected to get a boost from the recent legalisation of cannabis and hemp plants, with many travellers who seek marijuana-infused food and medicinal cannabis treatments expected to come because of that. The nation will consider whether it is permissible to use cannabis for recreation in time, Phiphat said.

 

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