Trends After Legalization of Cannabis in Thailand

On June 9, 2022, cannabis was dropped from the Class 5 drug list, which means people can grow cannabis at home indefinitely. In addition, 1,000 cannabis seedlings were distributed to the public at the event site, and the goal was to grow more than 1 million cannabis plants nationwide through the public. More than 150,000 people registered to grow cannabis in Thailand that day. Thailand has become the first country in Asia to legalize cannabis, with the aim of promoting its wider use in medicine, food and cosmetics.

After the above-mentioned exciting legalization of cannabis in Thailand, what does the cannabis market in Thailand look like?

The government hopes that developing a local cannabis trade will boost agriculture and tourism.

It even gave away one million cannabis seedlings to citizens to encourage people to pick up cannabis. "This is an opportunity for the people and the country to earn income from cannabis and cannabis," the deputy prime minister and health minister said on Facebook.

According to reliable sources:

The monopoly that dominates Thailand's economy has also warmly welcomed the opening of billions of dollars in new potential revenue and is backed by Anutin's army-linked government as health minister.

Large corporations and wealthy private investors got ahead of the law, buying large plantations, growing hemp in the best soils in the North and Northeast, and establishing factories to extract high-quality CBD oil.

It can be seen that the cannabis market in Thailand has a lot of room for development. With the support of the government, the Thai cannabis market will usher in an unprecedentedly grand occasion. With the popularity of cannabis cultivation, the quality of cannabis will also be a concern. In addition to the necessary soil, nutrient solution, and suitable environment, light-oriented cannabis need sufficient light. There will be more and more professional cannabis growers who will tend to buy professional cannabis growing equipment, such as grow lights that add light to cannabis.

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