Announced! 4 New Opportunities for Cannabis and Hemp - A New Business Horizon

Announced! The Cabinet has approved 4 cases for the production, import, export, sale, and possession of cannabis and hemp extracts, creating new business opportunities. The regulation clearly defines the use for medical, research, and industrial purposes, supporting the economy and driving related industries.

In the Cabinet meeting on October 8, 2024, the principles of a ministerial regulation were approved, allowing the production, import, export, sale, and possession of cannabis and hemp extracts in 4 cases:

1. For medical purposes
2. For commercial or industrial purposes
3. For medical or scientific research
4. For governmental use in the prevention and suppression of narcotics

Extracts containing more than 0.2% THC remain classified as narcotics and are strictly controlled. However, extracts with THC not exceeding 0.2% are permitted and encouraged for use in industries such as cosmetics, food, and herbal products. Over 2,906 items have already applied for permits.

This ministerial regulation opens new business opportunities for entrepreneurs to develop cannabis and hemp products in the medical, industrial, and research sectors, enhancing Thailand’s economic potential in the future.

For More Information: Hfocus Health System Insight

Link : https://www.hfocus.org/