Thai Cannabis Industry Thrown Into Chaos as Government Aims to Recriminalize Weed
Three years after becoming the first Asian nation to decriminalize cannabis, Thailand is poised to reverse course amid political turmoil and now requires a prescription to buy cannabis at any of the 10,000 dispensaries that have sprung up since 2022.
The new rules have thrown the fledgling industry into chaos and sparked criticism from pro-cannabis activists, who championed liberalization as a way to boost Thailand's wellness and tourism sectors. Dispensaries must now sell only cannabis produced by farms that have obtained the 'Good Agricultural and Collection Practices' certifications issued by the government, and amounts are capped at a 30-day supply per customer.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
DeepSeek Accused of Supplying Chinese Military Nvidia's (NVDA) Advanced AI Chips
NVIDIA Corporation (NASDAQ:NVDA) is one of the 12 best augmented reality stocks to buy, according to analysts. On June 23, it emerged that Chinese AI sensation DeepSeek was aiding the Chinese military and intelligence operators to access the company's advanced and restricted AI chips. A senior US official says that DeepSeek is using Southeast Asian shell companies to access high-end semiconductors that cannot be shipped under the current export control restrictions. It's the fact that the Chinese company has access to large volumes of Nvidia's high-end H100 chips that is sending shockwaves. Since 2022, Nvidia's H100 chips have been under U.S. export control restrictions on concerns that China could use them to advance its military capabilities. There are also concerns that China could use the chips to overturn US dominance in AI innovations. NVIDIA Corporation (NASDAQ:NVDA) flexes its muscle in augmented reality (AR) by providing crucial hardware and software technologies that power AR experiences. These include high-performance GPUs for rendering, AI for object recognition and scene understanding, and platforms like CloudXR for streaming AR content to various devices. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Performing Warren Buffett Stocks in 2025 and 12 Best Cryptocurrency and Blockchain Stocks to Buy. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
PureCycle (PCT) Raises Capital to Scale Global Recycling Footprint
Purecycle Technologies Inc. (NASDAQ:PCT) is one of the top 10 stock picks from Harvard University's stock portfolio. The Harvard Management Co. has maintained its position in the stock (around 2.5 million shares or 1.5% of the portfolio's weight) versus the last quarter. On June 17, 2025, PureCycle Technologies announced a $300 million capital raise through binding agreements with both new and existing investors, including Duquesne Family Office, Samlyn Capital and Sylebra Capital. This funding will support the company's long-term growth strategy, scaling its polypropylene recycling capacity to one billion pounds by 2030, with a projected EBITDA target of $600 million. A worker sorting recyclable materials on a conveyor belt inside a Material Recovery Facility. The capital raise coincides with PureCycle's expansion into Southeast Asia through a strategic partnership with IRPC Public Company Limited. Together, they plan to build a 130-million-pound recycling facility at IRPC's industrial zone in Rayong, Thailand. Construction is scheduled to begin in the second half of 2025, with operations expected by mid-2027. The partnership enables PureCycle to leverage existing infrastructure and reduce construction costs. Parallel expansion efforts are underway in both Europe and the United States. The company plans to replicate its recent successes by enhancing its facilities in Antwerp, Belgium, and by developing a large-scale Gen 2 plant in Augusta, Georgia, with a capacity of over 300 million pounds. Engineering work for the Augusta site is ongoing, with permitting and construction milestones scheduled for 2026, and an operational ramp-up is expected by 2029. (At the time of writing this article, this funding transaction was expected to close by June 20). With these aggressive expansion projects, their scale, and geographic diversity, the company appears confident in the commercial traction and operational learnings from its Ironton facility. PureCycle Technologies Inc. (NASDAQ:PCT) is a recycling company. The Company focuses on commercializing a dissolution recycling technology that physically separates polymer from other plastics, color, and contaminants, thereby restoring waste polypropylene into resin with similar properties and applicability for reuse as virgin polypropylene. While we acknowledge the potential of PCT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 hours ago
- Yahoo
Timah Partners Closes US$50M Series A to Address Southeast Asia's SME Succession Crisis
SINGAPORE, June 26, 2025 /PRNewswire/ -- Timah Partners ("Timah"), a Singapore-based permanent holding company focused on acquiring and operating essential, recurring B2B SMEs in Southeast Asia—and developing the next generation of SME leaders through its CEO-in-Training program, announced the close of its US$50 million Series A. The round was backed by a distinctive group of investors, including: Founders of iconic HoldCos: Mitch Rales (Danaher), Nick Howley (TransDigm), and Alex Behring (3G Capital) Pioneers of the modern HoldCo playbook: Will Thorndike and Kent Weaver (Compounding Labs), Rick Buhrman and Paul Buser (Sator Grove) Veteran investors from top-tier investment firms: former and current senior leadership at Insight Partners, Norwest, TCV, and Tiger Global Timah is also supported by a board and advisory group that includes senior leaders from DBS Bank, Grab, Quantedge, Union Energy, Singapore Land Authority, JTC Corporation, the Singapore Government, and the National University of Singapore. Timah was founded by Dennis Chua, a Singaporean who grew up around SMEs and returned home after 15 years in the U.S. to launch Timah Partners. Over his career, he worked with world-class investors and operators—including Goldman Sachs, 3G Capital, Tiger Management, and D.E. Shaw—and helped build, from its earliest days, an investment firm focused on small- to mid-sized businesses. He graduated top of his class from Harvard Business School and Cornell University, and is an alumnus of Raffles Institution. Tackling a quiet crisis unfolding in the region In Singapore, for example, SMEs employ over 70% of the workforce. The population aged 65 and above is set to double over the next two decades, yet only a fraction of SME owners have formal succession plans. Too many great companies risk shutting down—not for lack of value, but for lack of a viable next chapter. A different model for ownership Unlike private equity or search funds, Timah does not buy with the intent to sell. With its permanent capital base and horizon, Timah serves as a long-term, values-driven home for retiring founders' life's work. The firm focuses on high-quality, recurring B2B businesses in the $2–10 million EBITDA range, offering full exits and long-term operational stewardship. Timah emphasizes preserving legacy—not overhauling it. "We're not buying to flip," said Dennis Chua, Founder and CEO. "We acquire businesses to operate and grow them over decades, with no pressure to sell. Our investors built some of the best holding companies in the world, and we're applying those lessons here in Southeast Asia." Learn more about Timah's acquisition criteria: Building the next generation of SME leaders At the heart of Timah's strategy is its CEO-in-Training (CIT) program—a structured, hands-on pathway for emerging operators to rise rapidly to C-suite roles within its portfolio companies. Inspired by Alpine Investors' CIT and Shore Capital's CXO programs, Timah's CIT program is designed to develop entrepreneurial leaders who want to run real businesses, create lasting impact, and build equity within a system designed for their success. "Singapore's SME succession problem isn't just about ownership—it's about leadership," said Chua. "We're building a talent pipeline of operators who are excited about ownership and want to roll up their sleeves to run great real businesses." Applications for the first CIT cohort are now open: About Timah Partners Timah Partners is a permanent holding company built to solve Southeast Asia's SME succession crisis. We acquire and operate high-quality, recurring B2B SMEs—serving as the long-term home for the region's best businesses—while building the next generation of SME leaders through Southeast Asia's first CEO-in-Training program. We're not a fund. We're not flippers. We're builders—committed to permanent stewardship, operational excellence, and deep respect for what founders have built. Learn more at View original content to download multimedia: SOURCE Timah Partners Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
