The market value of cannabis in Thailand was estimated to increase and could reach THB 42.9 billion by 2025, accounting for around 53% expansion from THB 28.1 billion in 2022. According to the law, marijuana extracts containing no more than 0.2 percent of THC are not considered illegal drugs. Licensed operators can serve cannabis-infused products. As of January 2023, the authority issued nearly 3,000 licenses to sell, grow, and process marijuana in Thailand, and more than 6,000 registered shops emerged around the country. Despite being a “controlled herb,” cannabis is readily available both offline and online. Currently, adults aged 20 and above (not pregnant or breastfeeding) can legally use cannabis at home. (Source: Statista.com)
There is also a high demand for various cannabidiol (CBD)-infused products, such as beauty products, cannabis oil, beverages, gummies, capsules, etc. in the market. Legalizing cannabis-based products has opened up significant opportunities for various end-use industries to expand their product offerings. Moreover, hemp-derived CBD has several medical benefits. Medical CBD is most commonly used for pain control. It helps relieve nerve pain and pain of multiple sclerosis in addition to being used as a muscle relaxant. These health benefits have contributed to the popularity of medical CBD in the pharmaceutical industry. (Source: Grand View Research)
Clearly, Thailand’s cannabis and hemp industry is on the rise with abundant trade opportunities in years forward, and the “Asia International Hemp Expo (AIHE)” is always ready to serve as the key business platform of this flourishing community, continuously.
