Shops and retail
Closing a cannabis business properly: the licence and the company
Thailand Cannabis Report · Reefers Club Co., Ltd. · Last checked 31 October 2026
5 in 6 Thai cannabis licences due in 2025 were not renewed, and more owners will decide to stop before the next deadlines. Closing well protects you from liabilities that outlive the shop: unfiled reports, unsold stock and a company that still owes filings.
Before you close, consider selling
A company that holds a licence in good standing may be worth more sold than closed. See selling a licensed cannabis company.
Stop trading cleanly
- Set a last trading day and stop all sales after it.
- Deal with stock lawfully. The 2025 rules allow licensee-to-licensee sale. Estimated Do not sell leftover flower informally or online.
- File final PT.27 and PT.28 reports up to the last day, and keep the PT.33 evidence.
- Notify the licensing authority that you have stopped and ask how it wants the licence returned or recorded. Check the current procedure with DTAM or your provincial public health office.
Close the company, if you no longer need it
- Shareholders resolve to dissolve the company.
- The dissolution is registered with the Department of Business Development.
- A liquidator settles debts, collects assets and prepares final accounts.
- VAT and tax registrations are closed, with final returns.
- The liquidation is completed and registered.
A dormant company still has filing duties. Leaving it open without filing creates penalties. Verified
Common mistakes
- Selling off stock informally to clear it.
- Leaving reports unfiled because the shop has shut.
- Keeping the company open without filing accounts.
- Walking away from a lease without settling it.
Section 3 of the report, free to read, sets out the rules in force for licensees.
Sources
- Section 3 of the 2026 report, The rules in force (free to read)
- Thairath, DTAM guideline on administrative orders for cannabis shops, 22 June 2026
- Tilleke & Gibbins, Cannabis and Hemp Business Guide Thailand 2025
This article is market intelligence, not legal, tax or immigration advice. Rules change by notification; check the current text with the relevant authority or Thai counsel before you act.
In short
How do I close a cannabis shop in Thailand?
Stop selling, deal with remaining stock lawfully, file final reports, notify the licensing authority, then deregister for tax and dissolve the company if it is no longer needed.
What do I do with leftover flower?
It can only go where the rules allow, such as a sale to another licensee. Do not sell it informally.
Do I need to file final PT reports?
Yes. Reports should be complete up to the day trading stops.
Is selling the company an alternative?
Yes. A company with a licence in good standing may be worth more sold than closed.
How is a Thai company dissolved?
By a shareholder resolution, registration of the dissolution, liquidation, tax clearance and final registration of the liquidation with the Department of Business Development.
Want the numbers behind this?
This article gives you the argument. The figures, where they come from and how sure we are of each one are in the report.