Thailand is embarking on a bold new approach to medical cannabis policy and industry. Over the course of the last few years, Thailand has hit warp speed when it comes to passing cannabis reform measures.
All parts of the cannabis plant are now legal in Thailand after a recent move by the government, although the policy shift only applies to cannabis that is low in THC.
Households in Thailand will be able to sign up to cultivate low-THC cannabis and sell it to the government under a new licensing program.
The intent to launch the program was announced a while ago, however, it wasn’t until recently that the date was announced for sign-ups. It appears that the first opportunity will come in June of this year. Per TNA MCOT:
People must wait 120 days after the legalization of cannabis or until June 9 before growing cannabis plants at home, according to Public Health Minister Anutin Charnvirakul.
Opening an academic conference on medical cannabis in Bung Kan province, Mr Anutin who is also a deputy prime minister said he promoted cannabis as a cash crop because it could be used for medical purposes and all parts of cannabis plants could be food ingredients.
In 2022, despite COVID-19 situations, there was very high demand for products made from cannabis and hemp in the country and they led to the circulation of over 7 billion baht in the national economic system, he said.
This is good news for households in Thailand that are eagerly awaiting the chance to cultivate cannabis. Rice is the main crop in Thailand, and cannabis will be a great second option for households and farmers.
The government in Thailand is even offering low-interest loans to help people start their cannabis cultivation operations, with interest rates being a mere 0.01%.
A recent survey in Thailand found that half of the adult survey participants have tried a cannabis-based product within the last year.