Thailand Assures Stability in Cannabis Policy for Business Growth
Thailand's Prime Minister Paetongtarn Shinawatra has committed to continuing the use of marijuana and hemp for medical and business purposes, offering stability for businesses. This decision aims to generate around 200 billion baht annually and is supported by the Public Health Ministry and the Thai Traditional and Alternative Medicine Department. A bill to regulate cannabis use is being developed, focusing on medical, research, and commercial applications.
Thailand's Prime Minister Paetongtarn Shinawatra affirmed the government's commitment to continuing the use of marijuana and hemp for medical and business purposes, removing uncertainties for businesses.
This policy announcement, made to Parliament on September 12, emphasizes the economic potential of these plants, which could bring in approximately 200 billion baht annually.
Public Health Minister Somsak Thepsutin stated the ministry aligns with this policy while focusing on child protection.
The government's stance received support from the Thai Traditional and Alternative Medicine Department.
A bill to regulate the use of cannabis is in development, with public hearings already conducted.
The proposed legislation aims to ensure proper usage for medical treatment, research, and as products ranging from cosmetics to food.
Dr. Thewan Thanirat from the Thai Traditional and Alternative Medicine Department supports this regulatory approach, highlighting the economic and medical benefits.
Businesses can proceed with confidence, knowing the policy direction will not reverse.
This policy announcement, made to Parliament on September 12, emphasizes the economic potential of these plants, which could bring in approximately 200 billion baht annually.
Public Health Minister Somsak Thepsutin stated the ministry aligns with this policy while focusing on child protection.
The government's stance received support from the Thai Traditional and Alternative Medicine Department.
A bill to regulate the use of cannabis is in development, with public hearings already conducted.
The proposed legislation aims to ensure proper usage for medical treatment, research, and as products ranging from cosmetics to food.
Dr. Thewan Thanirat from the Thai Traditional and Alternative Medicine Department supports this regulatory approach, highlighting the economic and medical benefits.
Businesses can proceed with confidence, knowing the policy direction will not reverse.
