Don’t say we don’t make progress here in Thailand. A current article on forbes.com highlights that Thailand removed the ban on low level cannabis and hemp extracts. The article reads: “To promote the development of medical marijuana products, U.N. member state Thailand has removed low-level cannabis and hemp extracts from its banned narcotic substances list, according to officials. Hemp seed and oil derivatives will be allowed.”
As we pointed out before only hospitals and research facilities are allowed to apply for license to develop medical extracts from cannabis, however businesses obviously see an opportunity here as well.
The forbes article further states: “CBD extracts from cannabis and hemp plants containing less than 0.2% THC, were removed from the Category 5 narcotics scheduling, according to a Thai regulator. Under the terms of Thailand’s Measure for Suppressing Narcotic Offenders Act, which is similar to the United States’ current federal drug scheduling system, Category 5 includes psychedelic mushrooms, cannabis and kratom. Category 5 drug offenses are actionable by up to 15 years in prison and fines of up to 1.5 million baht ($48,954).”
It’s pretty interesting to see the slow and subtle changes here. Businesses are ready to go and quite likely keep their fingers crossed for further relaxation of the still strict rules.