As soon as hemp could be grown legally in Thailand last month, one company was ready to jump in feet first with a variety of cannabis said to have some of the highest levels of cannabidiol, or CBD.
Looking to capitalize on the latest fruits of decriminalization, Golden Triangle Group has begun successfully cultivating a variety called Raksa that, with average levels of 16% CBD, is practically dripping with the extract being promoted as a wellness panacea.
On a recent afternoon, one of its founders sat in his Bangkok office sipping from a warm cup of CBD tea made of cannabis leaves grown at his farm in Chiang Rai province. He explained why he made the “right decision” by quitting the petroleum industry.
“I felt that oil’s day is ending, and I believe that a green rush is on the horizon,” Kris Thirakaosal said.
With an initial THB60 million in capital, the…
