Belaws Home ›› Thailand ›› Blog ›› Thailand aims to become a leading medical marijuana hub
news
Thailand aims to become a leading medical marijuana hub
05/11/2021
Thailand is getting ready to position itself as a world leading medical marijuana hub. This will be achieved by helping the production and growth of medical marijuana (and related medicines) become a major industrial crop in the country. The Thai Government plans to actively promote medical marijuana as a legal and wide ranging medical treatment from November 10th.
How will this be achieved?
The Health Ministry is looking to introduce and push through new policies which will allow Thailand to grow and produce cannabis products and medicines at an international standard. These new planned policies have come after the huge success of Thailand’s medical marijuana clinics, which began operation last year and have generated around 7 Billion THB for the Thai economy.
The Government is hoping that Thailand’s first mover position and rapidly developing infrastructure designed to support medical marijuana can cement their position as a leading global hub.
Furthermore, Thailand is working on developing its credibility within the field through the establishment of the International Medical Cannabis Research Centre. The International Medical Cannabis Research Centre will consist of Doctors who specialise in medical marijuana. These Doctors will help research and develop the best ways to help grow and extract medical marijuana in order to develop the infrastructure further.
Why the focus on medical marijuana?
Thailand is already considered a global medical tourism hub, the move towards the promotion of medical marijuana could be a significant boost to its position in the region. Currently, Thailand is one of the first Asian countries to legally adopt medical marijuana which gives them a significant advantage in what has turned into a rapidly developing field.
Conclusion
This drive to push Thailand to the top of the medical marijuana industry presents a great opportunity for companies who specialise in marijuana to come to Thailand and set up their business. For more information about how your company can take advantage of these opportunities, please feel free to contact our team of experts.
To reach our team of experts, please click this link.
Please note that this article is for information purposes only and does not constitute legal advice.
Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.
Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.
Subscribe today
Subscribe today
To our newsletter for all the latest legal news
in South East Asia, Belaws updates and
special promotions on our services.
To our newsletter today for all the latest legal news in South East Asia,
Belaws updates and special promotions on our services.
Belaws 2017 - 2025.
Belaws provides information and software only. Belaws is not a "lawyer referral service" and does not provide legal service or participate in any legal representation.
Belaws is not a law firm or a substitute for an attorney or a law firm. The use of Belaws is subject to our Terms of Use.
