Will New Marijuana and Hemp Oil Regulations Boost Thailand’s Economy?

In 2019, Thailand became the first country in Southeast Asia to legalize the use of medical marijuana – although several key restrictions remain in place. The government ban on marijuana plants and products that contain significant amounts of THC (the psychoactive compound that produces a high) remains in place, although other parts of the plant have since been approved for commercial use [Note: Since December 2020, certain parts of the plants can be used for non-medical purposes.] under certain conditions. Additional guidelines for hemp and cannabis seeds are expected to be announced later this year.

Marijuana and hemp plants are widely used in other countries for a variety of purposes that are unrelated to the recreational psychoactive narcotic effects produced by THC. The healing benefits of marijuana can be significant for people with certain medical conditions, or who are…