Infinity Ventures Summit

December 2 – 4, 2019

Central World Hotel, Bangkok, Thailand

After 12 years of the semiannual Infinity Ventures Summit, the 24th edition of the event brought together speakers and attendees from over 50 countries for three days of keynotes, networking, business matching, and more.

As always, the Summit included the signature IVS Launchpad event, inviting 12 selected companies to pitch their products for the chance to win a prize valued over ¥1,000,000 (around US$9,120). After making it through three rounds of elimination, the selected teams had six minutes onstage in front of a panel of entrepreneurs, investors, and past winners of Launchpad. 

True to IVS’ promise to spotlight ‘avant-garde’ market trends, the 2019 Winter Summit’s second day featured a session discussing a burning topic: cannabis regulation.

Since the surprising royal decree early in 2019 that legalized cannabis for medicine and research in Thailand, various groups of stakeholders–politicians, medical professionals, and law enforcement to name a few–have been discussing the next steps in regulation. The IVS session, entitled ‘Awakening the Green Giant: Navigating Asia’s Cannabis and Hemp Regulations,’ tackled this topic in depth with insights from every part of the supply chain.

Thailand is one of a nexus of nations with strict drug laws. The Philippines and Indonesia both enforce the death penalty for drug trafficking, with notable cases like the Bali Nine heroin smugglers–two of whom were executed in 2015. Understandably, this regulatory shift has cannabis investors, growers, and distributors seeing dollar signs, but analysts caution that there are many regulatory hurdles ahead.

“The development of cannabis generally has a social stigma around the plant, and it has been this way historically since the opium wars, especially in this region,” said Kunal Sachdev, Regional Legal Adviser at law firm DFDL.

Despite this cultural legacy, proponents of the cannabis industry are still hoping that this is the first step on the plant’s path to becoming a Thai cash crop for export. Their cause is aided by a prominent political party advocating for full recreational legalization, which recently gained a  significant vote in the governing coalition. 

Nicole Godresse, Director of Emerging Markets at cannabis research and distribution firm Tilray,  added her advice for startups for startups entering the cannabis arena: “Anybody getting into this, I would fly over to Canada and the US and see what people are doing, and see how creative and wonderful this industry is, and bring some of that back to Asia.” –NB

ivs.events

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Elon Musk Buy Next

What Is Elon Musk Going to Buy Next?

There are moments in our lives—perhaps we are in the shower or struggling to sleep at 2 A.M.—when we think about all the ways we could influence the world. We find solutions to crypto volatility, world hunger and our neighbor’s ultra-dry plants.

5 Technologies

5 Technologies That Are on Stage in Russia’s Invasion of Ukraine So Far

On February 21, 2022, Vladimir Putin, President of the Russian Federation, declared the independence of the Donetsk People’s Republic and Luhansk People’s Republic. Arousing international outcry, this ignited the ultimate invasion of Russia on Ukraine three days later. While Ukrainians are still defying Putin’s covetous ambitions, new technologies have been floating on the surface to take advantage of each other.

Technology Joy Ghose

Technology Pioneers – Interview With Joy Ghose of FreeD Group

Over the past 15 years, the Chief Commercial Officer (CCO) of FreeD Group Limited, Joy Ghose, has accumulated plenty of experience in the travel and technology industry. Before joining FreeD Group, Ghose was involved in sales, marketing and management roles at companies like Merlin Entertainments and The Hong Kong Tourism Board.

Creamy Mattes and Beyond Reviewing GoPlay Cosmtics’ Custom Lipstick Maker

To Creamy Mattes and Beyond: Reviewing GoPlay Cosmtics’ Custom Lipstick Maker

While researching for our piece on personal color analysis, I came across the LIPSKIT, a custom lipstick-making tool created by GoPlay Cosmetics. GoPlay Cosmetics is a DIY (do-it-yourself) make-up brand that is looking to prioritize sustainability in the make-up industry without compromising the variety of your lipstick collection.

Ledger vs Trezor

Ledger vs Trezor: Where Should You Store Your Crypto Holdings?

As lucrative as the cryptocurrency world is, it comes with a high risk of losing your crypto because of hacks. To make sure that your crypto holdings stay safe with you, you must carefully choose effective storage solutions for them. One of the ways to keep your crypto secure is by holding it in a hardware wallet.

4 best companion robots to consider in 2022

Alone No More: 4 Best Companion Robots to Consider in 2022

The Covid-19 pandemic and the isolation that accompanied it has given many of us a healthy appreciation for good company. Over the long periods of self-isolation and quarantine, we have come to the realization that company can also come in many non-human forms, like pets, plants and… Roombas?