As Thailand does U-turn on legal cannabis, businesses scramble to survive | Business and Economy News

Bangkok, Thailand – Even at the Nana intersection, a pulsating mecca of this megacity’s seamy nightlife scene, the Wonderland cannabis shop is hard to miss.

Its sprawling, ruby-pink signboard screams across the busy crossroads, broadcasting the wares inside with the help of neon lights twisted into luminescent marijuana leaves.

It is Saturday afternoon, and business should be good. But it is not.

Just days earlier, Thailand’s government imposed new rules sharply curbing the sale of…