Thailand's New PM Revives HEMP and Medical Cannabis, Vows Support, Aiming to Drive
2 Billion Baht Economy Annually
It is clear that the government led by Prime Minister Paetongtarn Shinawatra will proceed with the initiative for medical cannabis and hemp, focusing on creating additional economic value while effectively managing social impacts through legislative measures. This direction was articulated in the government's policy statement presented to Parliament on September 12, 2024, which projects an annual market value of 200 billion THB.
'Asia International Hemp Expo 2024' Aims to Enhance Quality Standards for Thai Hemp Raw Materials to Compete in the Global Industry. The Major Event Is Scheduled for 27-30 November 2024.
The Thai Industrial Hemp Trade Association (TiHTA) and the N.C.C. Exhibition Organizer Co., Ltd. (NEO), is staging the 3rd edition of 'Asia International Hemp Expo and Forum 2024' to drive the Thai hemp industry forward by accelerating the boost of the Thai hemp industry standard in line with international standards to broaden business opportunities from the emerging European and Asian markets after the adjustment of hemp use law. Moreover, the 'Hemp Sandbox' project is now initiated to create a median price for hemp raw materials while connecting the industry supply chain. The event is scheduled from 27-30 November 2024 at the Queen Sirikit National Convention Center, and expects to generate more than one billion baht.
