Thai businesses locked out of potential $237.2 million medical cannabis market 

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Thailand is emerging as a frontrunner in the nascent Asian cannabis market. With 175 clinicians now qualified to prescribe cannabis-based medicines in the country, Thailand is at the cusp of a major breakthrough in realising the commercial and societal benefits of medical cannabis.

The Asian Cannabis Report published in May by leading market analysts and advisors Prohibition Partners, forecasts that the Thai cannabis market will be worth US$237.2 million by 2024 should medical access open up.

In February, the National Legislative Assembly (NLA) took the landmark decision to approve the use of cannabis for research and medical purposes. This cemented Thailand’s position at the vanguard of medicinal cannabis in Southeast Asia, as the first country in the region to use cannabis to treat Parkinson’s disease, multiple sclerosis, drug-resistant epilepsy and pain and nausea in cancer patients.

The NLA’s decision will theoretically allow medical practitioners to prescribe cannabis-based treatments to people living with a range of chronic and debilitating conditions.

Currently, there are only two officially sanctioned plantations in Thailand which are permitted to grow a strain of cannabis that is low in psychoactive compounds – less than

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