Business
Thai PM Aims to Regulate Cannabis for Medical Use Only
Thailand’s new Prime Minister Srettha Thavisin says the country’s cannabis policy will need to be rewritten to only allow usage for medical purposes. He spoke with Bloomberg’s Haslinda Amin.
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Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television.
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“Insight with Haslinda Amin” is a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
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00:00:01 – Insight with Haslinda Amin Begins
00:01:12 – Bridgewater Associates founder Ray Dalio on rising debt squeezing economies
00:04:45 – Ray Dalio on the risk of a US debt crisis within the next three years
00:17:21 – Ray Dalio on AI investment, market bubbles and lessons from past tech booms
00:21:17 – Ray Dalio warns China, Japan may pull back from US Treasuries
00:27:02 – Bloomberg Opinion: Japan’s massive bond rotation is France’s nightmare
00:30:39 – Australian Treasurer Jim Chalmers on global bond yields and budget pressures
00:35:49 – AI executives face grilling by Australian lawmakers
00:39:56 – Moonshot said to eye early 2027 IPO after value hits $50B
00:42:16 – US, India officials signal trade deal talks at an impasse
00:44:42 – Germany, France push new trade weapon before EU-China talks
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Treasuries led a global bond rally as a selloff in artificial-intelligence shares deepened, spurring demand for havens from a growth slowdown. A measure of CoreWeave’s credit risk climbed to an all-time high Thursday as its high-yield bonds extended declines. We get reaction from Bloomberg Tech host Ed Ludlow. Steve Kaplan of JPMorgan Asset Management joins to discuss trends in portfolio diversification. Bloomberg’s Austin Carr examines Marc Andreessen’s rise as a MAGA power player ahead of midterms. Plus – US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. We examine what it could mean for monetary policy with Frank Monkam, Bloomberg News Macro Strategist. All on the latest episode of Bloomberg Businessweek Daily.
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A rout in Asian chipmakers led the MSCI Asia Pacific Index to its lowest since August as investors grow uneasy about whether massive AI spending will pay off. Matthew Bloxham of Bloomberg Intelligence has more.
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@ALAN-lq5ho
December 14, 2023 at 3:57 pm
Sound like Donald Trump 😂😂
@yokiurattanawong1551
December 14, 2023 at 3:57 pm
Yes,me,Pratt,sir,Prattana Rattanawong,Yes,Yok IU,sir.
@yokiurattanawong1551
December 14, 2023 at 3:57 pm
Thank you all people in Thailand,sir.Ka,sir
@yokiurattanawong1551
December 14, 2023 at 3:57 pm
Yes,sir.
@yokiurattanawong1551
December 14, 2023 at 3:57 pm
Ka
@THAK.ANAN.MAKSANG
December 14, 2023 at 3:57 pm
It's called "technical law" and still smoke weed 😊❤🎉
@wickysmall8607
December 14, 2023 at 3:57 pm
As a smoker, medical use only just means you will have to get a "medical card" provided by an approved Doctor here.
As a retailer, you'll just have to get a Thai Traditional Medicine Licensee at your shop.
This is Thailand, the land of compromise 😉
As of today you cannot smoke in public or even in a dispensary but the police gets paid and they look somewhere else.
@donkublon9626
December 14, 2023 at 3:57 pm
Imagine payin for your license 1200000 $ or more and after one year this idiot come xD
@filipechill
December 14, 2023 at 3:57 pm
It’s like ban paella in Spain.
@rhysshine3804
December 14, 2023 at 3:57 pm
But yet kratom is legal and has been for years you can’t make this stuff up even if you tro
@muayboran6111
December 14, 2023 at 3:57 pm
This country has many issues which is silenced by money. Their priority is in the wrong place, i don’t trust them
@charlievang16
December 14, 2023 at 3:57 pm
If the new Prime Minister bans the cannabis, then I feel more safe to travel again to Thailand. Thailand used to be a non- drug country but after those greedy past leaders signed to regulate real drug to Thailand, I do not feel safe to visit this wonderful country again until now. PM Sretha, you ca do it, it is important to all Thai citezens.
@Smokalata
December 14, 2023 at 3:57 pm
You better not
@Kush_Meeseeks
December 14, 2023 at 3:57 pm
The people will drag him outa office by his ankles if he even tries. Mark my words
@Sjdijdhshsjshe
December 14, 2023 at 3:57 pm
Im thai and this mf and his party plan everything from transitioning the power from soldier to him and people who support for the red party is in shock but for me no surprise thai citizens is used as a tools and most of them dont know it until its too late
@rhysshine3804
December 14, 2023 at 3:57 pm
There about to loose a lot of money
@user-uj7js5sm6t
December 14, 2023 at 3:57 pm
Prepare for a dip in tourism. Pot is giving Thailand a competitive edge with other SEA countries. If they ban recreational pot many visitors will just go to neighboring Malaysia, Cambodia, Bali, Vietnam or The Philippines which not only has nice beaches too but also cheaper. Having clear rules for consumers to follow and educating the public on responsible use is the answer not making it medical only.
@user-nl5hj5oq4e
December 14, 2023 at 3:57 pm
總理閣下 好
@user-vy5kj8dn2q
December 14, 2023 at 3:57 pm
I'm not happy
@medicann_coping
December 14, 2023 at 3:57 pm
dont revert the best decision ever
@pickashoe7870
December 14, 2023 at 3:57 pm
no.
@leelh0118
December 14, 2023 at 3:57 pm
The interviewer is kind of irritating. He has made it clear it's only for medical use but she kept pursuing like a dumb broken record.
@TinyBeefy
December 14, 2023 at 3:57 pm
Flip flop nation and they wonder why investment is fleeing the country and tourism is down down down
@kovidprizner7657
December 14, 2023 at 3:57 pm
now we should have drunk and stoned tourists in Thailand !!!!!! way to go. LOL
@CreepyPP
December 14, 2023 at 3:57 pm
As a young Thai this is upsetting now more and more of us will be going to jail we just want to be a democratic country where this is not the issue but corrupted leaders and no more monarchy please we are a young frustrated nation who want a brighter feature we don’t want no more military and elite controlling our lives
@anandm4748
December 14, 2023 at 3:57 pm
Thailand is a lot more BASED than most people realize…
@ryanharvey6506
December 14, 2023 at 3:57 pm
They're going backwards now.
@alcmmk5040
December 14, 2023 at 3:57 pm
The law has not been passed yet. How the law would be rewritten..
@AbiManyu-mv3ly
December 14, 2023 at 3:57 pm
Best ways always lie.
Forget general elections, Pita , Move Forward party and democracy.
Military dictatorship remains in power in Thailand.
@GoldenHours10
December 14, 2023 at 3:57 pm
Oh no I'm having cannabis overdose, call an ambulance!!!
@pierregeorgebachour5453
December 14, 2023 at 3:57 pm
recreational alcohol is fine hypocrits
@familyguyfanboy2
December 14, 2023 at 3:57 pm
This is just posturing political nonsense. Youll still be able smoke the green krunk like before. Only this time for 'medical' reasons
@dukeellington2731
December 14, 2023 at 3:57 pm
Я знаю много массажных, которые открыли каннабис магазины и получают на этом в четыре раза больше. Я знаю много работяг, которые поставляют свои пару кустиков в эти магазины и также зарабатывают на масло к хлебу.
И я никогда не видел, чтобы обычный таец купил бы в таком магазине траву за 300-700 Бат.
Мои рабочие – взрослые люди предпочитают м150+кротон. Если эффективность не страдает, а им так лучше, то почему бы нет?
Мои клиенты – европейцы предпочитают курить траву а потом вкушать вкусную еду и прочие ништяки на улице по пути к пляжу. Почему бы и нет? На улице все в плюсе
Мне приятно верить, что всё это лишь для того, чтобы собрать с туристов лишние пару тысяч за медицинские справки.
Сорри, что по-русски🤷🏼
@knobrotknobrot
December 14, 2023 at 3:57 pm
So much for the Thai people electing the other guy. Corrupt bullshit.
@knobrotknobrot
December 14, 2023 at 3:57 pm
Absolute clueless moron.
@Henry-xy2uf
December 14, 2023 at 3:57 pm
Im disappointed that my country legalising this crap in the first place. Thank God they are making a u turn.
@BartMazur991
December 14, 2023 at 3:57 pm
Based on the few interactions I've had in Phuket this summer with the locals, I have to say that they definitely support what Prime Minister Srettha Thavisin says here. It seems that cannabis shops have replaced many of the pharmacies that used to be there. I don't wanna judge, but it seems that making it completely legal draws the wrong crowd. I love Phuket and I love Thailand. Keep it clean, keep it safe and keep it beautiful. It's one of the most beautiful places I've had the privilege of visiting. I'm an American expat living full time in Asia.
@freethinker0409
December 14, 2023 at 3:57 pm
He will make Thailand look like a complete joke internationally if they ban cannabis again. Don't let it happen people.
@thlecro2707
December 14, 2023 at 3:57 pm
but why is recreational alcohol good and healthy?
@michaelfischer841
December 14, 2023 at 3:57 pm
none of these (anti) recreational cannabis politicians are willing to discuss recreational alcohol consumption
@neaturexiong
December 14, 2023 at 3:57 pm
He is full of arrogance and pretty stupid, sorry Thailand, you messed up big time on electing him as PM.
@abandoneddogsfeedingasmr263
December 14, 2023 at 3:57 pm
I am Thai and sure it’s not medical only. 😊😊😊
@pootranoncnbc
December 14, 2023 at 3:57 pm
LOL WTF. I'm embarrassed. The guy should have some rest and rearrange his responses better than this.
@phantouchunjindamanee6402
December 14, 2023 at 3:57 pm
Doesn't mean anything. They are just putting on a show to please some sheeple conservatives. It's just a political game. Anutin (ex health minister) who legalized cannabis is now the deputy prime minister and the minister of interior. The Ministry of Interior oversees the health ministry. It's even better because he doesn't have to take shit now (he took a lot of shit when he was the health minister) and be the puppeteer who controls from behind. We talked to our guys at the health ministry, and everyone kept their position, no shuffling. They are all ppl from the Bhumjai Thai party that legalized weed.
@crocr
December 14, 2023 at 3:57 pm
Just smoke and mirrors. This is all talk.
@Highmountain420
December 14, 2023 at 3:57 pm
Thaksin thinks, Pheu Thai acts
@NattadoWashington
December 14, 2023 at 3:57 pm
Breaking news Beacon Tracker unjustified use by America,England and Jamaica spying on public Human Rights with satellite,tapping throw Human Brains and Espionage act 2023
@kaffir76
December 14, 2023 at 3:57 pm
Well, at least she speaks English 😂😂
@Callmefc
December 14, 2023 at 3:57 pm
The way he says no so quickly 😂😂😂 This guy is a joke !
@noonweb
December 14, 2023 at 3:57 pm
Pls Note, We are Thai, Almost of us dont want cannabis. There are no any problems if we get rid of it. We dont want drug to destroy our children anymore.