The products could create a larger market than the country’s rice, sugar cane, and tapioca crop industries.
Last November, South Korea revised its national drug policy, to allow the import and distribution of a cannabis-based oil to help treat several ailments. This action came following a World Health Organization (WHO) report released earlier in 2018, confirming that Cannabidiol (CBD) not only poses no health risks to humans and animals, but can also be used in the treatment of several health conditions, such as Cancer and Alzheimer’s disease.
Thailand has now followed suit and produced its own marijuana products, in the form of THC and CBD oils, tablets, oral sprays, chocolate wafers and other potions. To this effect, the government organized a visit for journalists to Rangsit University’s new, where the first batch was produced at the Medical Cannabis Research Institute in the College of Pharmacy.
CBD and THC products could create a profitable market
In order to test the effectivity of the products for various health conditions, the researchers are growing a number of marijuana plants and testing on live mice. An article on Scoop pointed out that if recreational marijuana is legalized and therefore allowed to be freely grown, it would create an extremely profitable domestic and international market, possibly larger than the country’s rice, sugar cane, and tapioca crop industries.
“We grow without any chemicals. No pesticides. No chemical fertilizer,” said one of the researchers. “We don’t know if they got the seeds from Thailand or from a neighboring country. We don’t know exactly. It’s just unknown. After we get the bud, we are going to give it to the pharmacy. They will check how much THC and CBD.”
The Complex Situation for the CBD Market
Let’s block ads! (Why?)