Wednesday, June 16, 2021

in-focus

Govt expo to reveal secrets of turning cannabis into cash crop


Thailand’s move to turn cannabis into a cash crop gets underway in earnest on Friday (March 5), with the “360° Cannabis & Hemp for the People" expo in Buriram.

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The three-day expo at the Buriram International Circuit will be launched by Public Health Minister Anutin Charnvirakul, a government spokesperson said on Thursday.

It aims to provide a better understanding of how cannabis and hemp can bring huge medical and economic benefits for both Thai producers and consumers.

Visitors and entrepreneurs will be able to attend seminars, exhibitions and free workshops and also sample cannabis products. The focus will be on ways of creating added value from cannabis and also hemp. Certain parts of the cannabis plant were removed from Thailand’s narcotics list in December, opening the way for a medical cannabis business worth an estimated Bt8 billion by 2025. Meanwhile, stocks in large Thai food manufacturers have risen on news that oil from the plant can be used in their products.

The Buri Ram expo is being organised as part of Public Health Ministry efforts to promote the budding cannabis/hemp-related industry as a new economic engine for Thailand.

Published : March 04, 2021

By : The Nation