Does Thailand have too many cannabis shops? The short answer is yes. According to various sources, anywhere between 6,000 to 8,000 cannabis shops have been established since the plant was removed from the class-5 narcotics in June 2022. While this rush to market was predictable, especially in the wake of the economic hardships brought on by the government’s reaction to Covid-19, there will be a...
What does the data tell us? For business owners operating in the tourism sector high season is the most important time of the year. The common thought is that this flood of arrivals and tourism dollars into Thailand occurs during the cooler months in November, December, and January. When we look at the global arrivals data for 2023 this is in fact what happened. If we dive deeper into the data at...
Whether you are buying a business in Thailand for the first time or you are expanding your portfolio, trust between both parties can be a major obstacle. Even before an exchange of money occurs and the purchase is finalized you have to rely on the trustworthiness of the seller. Are they providing accurate information on the past expenses and revenues? Are there an outstanding and noteworthy...
Amidst Covid-19, Thailand experienced a significant shift in its customer demographics, with expats emerging as the primary patrons due to Thailand's travel restrictions. No longer overshadowed by the influx of tourists seen in 2019, which numbered over 40 million, expats became vital to the survival of many businesses during challenging times. Now, as the situation gradually returns to normal and...