The government’s decision to legalise commercial hemp growing in Thailand is likely to lift stock prices for sectors standing to gain from hemp oil and extracts derived from the crop in fields such as cosmetics, food and beverage, and pharmaceuticals, market analysts say.
According to KTBST Securities Research, stocks related to hemp plantation have high potential for future growth.
Applications for commercial hemp plantations were opened for the first time on Jan 29.
“We see legalisation as a good sign for companies entering this business. We expect the government will allow companies to put hemp in more types of…
