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Multipurpose marijuana could light up another economic engine for Thailand


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Multipurpose marijuana could light up another economic engine for Thailand

 

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This undated handout photo released by Chao Phraya Abhaibhubejhr Hospital on January 14, 2021 shows a worker examining cannabis plants in a crop being grown in Prachinburi Province, to be used in dishes at the Abhaibhubejhr Spa Cuisine restaurant in Prachinburi, east of the Thai capital Bangkok. (Photo by Handout / Chao Phraya Abhaibhubejhr Hospital / AFP)

 

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

 

Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

 

Individuals are still prohibited from growing marijuana for sale, though universities, community enterprises, medical professionals and traditional medicine practitioners can seek a licence to grow it commercially.

 

Full Story: https://www.thaipbsworld.com/multipurpose-marijuana-could-light-up-another-economic-engine-for-thailand/

 

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-- © Copyright Thai PBS 2021-03-01
 
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40 minutes ago, snoop1130 said:

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years

Is that to go along with/give to the 6milllion (junkie) tourists from the UK?

More junk smoke and mirrors!

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11 hours ago, snoop1130 said:

Individuals are still prohibited from growing marijuana for sale, though universities, community enterprises, medical professionals and traditional medicine practitioners can seek a licence to grow it commercially.

As clear as mud....

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Comparing the potential market (revenue, tax) here to those in a state in the U.S. is just silly, and counter-productive.

 

Until BoonRawd and ThaiBev get involved, anyway. 

 

This article seems to be mostly about medical cannabis, but it does devolve into decorative leaves at the end. Why are they always prepared "tempura" style?

 

Commercial hemp, a huge and growing commodity market, was supposed to be a thing, maybe that'll be in tomorrow's news.

 

 

 

 

 

 

 

Edited by mtls2005
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I have to agree that if made legal this would be a great financial winner. All pot heads from around the world with some medical tourists would find this beneficial. Will it happen.mmmmmm

 

Why hasn't any other country done this.........

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13 hours ago, snoop1130 said:

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

Farmers to make little? The wife tells me it is around 40,000 baht per kilo at the moment but how does she know?

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2 hours ago, GreasyFingers said:

Farmers to make little? The wife tells me it is around 40,000 baht per kilo at the moment but how does she know?

It was in the news Jethro.

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3 hours ago, GreasyFingers said:

The wife tells me it is around 40,000 baht per kilo at the moment but how does she know?

 

Police use 15,000 baht/Kg. So that's the wholesale price. Once it gets to wherever it's going 40,000 seems reasonable.

 

All this is based on reports in the Thai press.

 

The farmer probably gets 4,000.

 

 

 

 

 

 

Edited by mtls2005
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2 hours ago, connda said:

...because the average Thai farmers will never be allowed to grow it.  
However, the extra-special "connected" growers who are granted a license by their connected friends stand to make 45K per kilogram. 
I'm thinking that beats the hell out of growing just about any other crop in Thailand.  But Thai farmers will make nothing from grown the herb because they will never be granted permission to do so. 

 

They will grow anyway, as many already do...

 

but you seem to know theory only, sorry, try the real life and you will understand the situation better...

 

 

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