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BANGKOK 22 July 2019 17:20
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Thailand set to cash in on multi billion baht medical ganja market - more if it turns recreational

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Thailand set to cash in on multi billion baht medical ganja market - more if it turns recreational

 

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Thailand is set to play a part in what strategic analysts are calling a major boom in the ganja market in Asia.

 

Strategic consultants Prohibition Partners said out of London last week that the Asian medical ganja market is set to be worth 5.8 billion US dollars by 2024.

 

It could be worth 8.5 billion if recreational use is added.

 

Major players are China, Japan, India, South Korea and Thailand. 

 

Med Hub News reported on the enormous potential for profits to be made in the drug with tens of millions of potential medical cannabis users and millions more recreational users in the region especially in India. 

 

Reports have suggested that the Thai market could be worth 21 billion baht. 

 

 

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-- © Copyright Thai Visa News 2019-05-14

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Posted (edited)

But there is "BIG" money coming into Thailand to slow it down, and so far it has been working. Every day Thailand is losing millions, and that is good news for China, India. There is no reason why Thailand is not growing now, now the GOV FDA is talking about maybe next year.

 

Edited by doggie1955
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1 hour ago, PatOngo said:

Enough talk, get those profits rolling in.

Roll me joint better idea

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2 minutes ago, Bkkjimbo said:

Some odd numbers. 5.8 medical and just another 3 with recce. More like 15bn recreational. Tourism would scale like never before. Amsterdam of Asia.

Yes, but:

 

Quote

recreational users in the region especially in India

Meaning, it'll not be legal in Thailand. At least during our lifetime.

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Posted (edited)

I guess quite a number of... uhm... joint ventures are going to be formed to cash in on that expected windfall.

Edited by Misterwhisper
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Counting the seconds..

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3 hours ago, webfact said:

India

It ain't half pot mum ..

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4 hours ago, Vacuum said:

Yes, but:

 

Meaning, it'll not be legal in Thailand. At least during our lifetime.

The country moved quicker than any other place to implement a medical cannabis program . From an idea, to an announcement in December to the first prescriptions and licenses in less than three months. I’m already in the program. 

 

It took years in some US states. I don’t think it would take more than 12 months that it’s available should they decide to legalize it for recreational use. 

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World's wealthiest junta.  Goodness knows they themselves could use a relaxant given that their panties are always in a twist.  Could help cha cha air out that wet blanket of his.   

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12 minutes ago, Guitar God said:

The country moved quicker than any other place to implement a medical cannabis program . From an idea, to an announcement in December to the first prescriptions and licenses in less than three months. I’m already in the program. 

 

It took years in some US states. I don’t think it would take more than 12 months that it’s available should they decide to legalize it for recreational use. 

Fingers crossed.

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