A proposal by Thailand’s election-winning Move Forward party to reclassify cannabis as a narcotic a year after it was made legal is sowing panic in an industry that is projected to be worth up to $1.2 billion over the next few years.

A woman works inside a cannabis shop, at Khaosan Road, one of the favourite tourist spots in Bangkok, Thailand, March 29, 2023. Reuters
A proposal by Thailand’s election-winning Move Forward party t…