The stock prices of GUNKUL, DOD, and RBF fell on Thursday after the House of Representatives voted to withdraw review of the Cannabis-Hemp Bill from its meeting agenda yesterday.
As of 11.55 a.m. Thai time, the share price of Gunkul Engineering Pcl. (SET: GUNKUL) dropped THB0.30/share, or 5.36%, to THB5.30/share, with a trading value of THB566 million.
The share price of DOD Biotech Pcl. (SET: DOD) dropped THB0.20/share, or 3.57%, to THB5.40/share, with a trading value of THB10 million.
The share price of R&B Food Supply Pcl. (SET: RBF) dropped THB0.30/share, or 2.11%, to THB13.90/share, with a trading value of THB19.9 million.
The House of Representatives on Wednesday (14 September) voted 198 to 136, with 12 abstentions, to withdraw the Bhumjaithai Party’s Cannabis-Hemp Bill, which had previously passed its first reading in the House, from the meeting agenda, awaiting revision of its text that MPs considered as loose and potentially cause serious health problems, particularly in youth.
According to Capital Nomura Securities, investor sentiment toward cannabis and hemp companies has taken a hit as a result of the House of Representatives’ recent decision to remove the Cannabis-Hemp Bill from its meeting schedule, which they feel has eroded consumer confidence in the safety and legality of cannabis and hemp.