Connect with us

Thailand

Businesses rush in to capitalise on medical marijuana mania

Avatar

Published

 on 

The recent legalisation of medical marijuana in Thailand is spurring active efforts to investigate and develop the plant’s medicinal properties. Earlier this year, the government legalised medical marijuana citing research suggesting that cannabis may be beneficial in treating some chronic conditions.

Despite the fairly ambiguous and unspecific wording in the legislation, many companies are now actively pursuing a profitable future from exploiting the current interest surrounding the plant and the legislation that decriminalised its use in Thailand.

Several organisations have unveiled their plans. For instance, the Government Pharmaceutical Organisation (GPO) has said it hopes to start producing cannabinoid medicines on an industrial level, while several universities have rushed to forge collaboration with the Khao Kwan Foundation, which has long experimented with marijuana-based medicines.

“We already have a cannabis farm, and crops will be harvested for the production of marijuana oil in July,” GPO chairman Dr Sopon Mekthon said last week.

He added that cannabinoid medicines will also be produced on a semi-industrial level at a plant in Pathum Thani. So far, 120 million baht has been earmarked for this project, he said.

“We are now in the process of seeking a fast-track approval from the National Economic and Social Development Board,” Sopon said, adding that the GPO was also seeking 3 billion baht to build a 1,500 rai (240 hectares) herb and marijuana facility in Chon Buri province.

“We will hold serious discussions on this soon,” he added.

Dr Somsak Akksilp, director general of the Medical Services Department, is scheduled to conduct research on the specialised use of marijuana.

“For instance, we will focus on using cannabis extract for skin conditions such as cancer, inflammation and psoriasis,” he said, adding that his department is keen to conduct research in collaboration with the civil sector, educational institutes and more.

Dr Pramote Stienrut, deputy director-general of the Department of Thai Traditional and Alternative Medicine, said his agency had already found partners to grow cannabis.

“We have also found partners for the production of medical marijuana,” he said, adding that judging by estimates from practitioners of traditional medicine, up to 10 tonnes of cannabis will be required per year.

Meanwhile, Chulalongkorn University’s Faculty of Pharmaceutical Sciences announced that it was partnering with Khon Kaen University and Rangsit University to conduct research on marijuana oil based on the approach taken by Kwan Khao Foundation president, Decha Siriphat.

Asst Professor Rungpetch Sakulbumrungs, dean of Chulalongkorn University’s Faculty of Pharmaceutical Sciences, said the short-term goal was to ensure that patients dependant on marijuana could continue using cannabis once the amnesty period expires on May 19.

“We also have medium- and long-term goals. If our study delivers good results, we may be able to register what we develop into a new traditional medication,” she said.

Rungpetch added that several faculties at Chulalongkorn University will work together to develop different varieties of cannabis for extracts.

“We are looking into ways of getting cannabis oil without having to grow the plant,” she said, adding that the study will also cover the safety of using extracts as well as the side-effects of cannabinoid medicines.

SOURCE: The Nation

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Thailand's largest online portal for news and information.

Follow Thaiger by email:

Thailand5 hours ago

Thailand conservation adds 17 rare Indochinese tigers this year

Pattaya6 hours ago

Man falls off 4th story roof only breaking arm and chin

Thailand10 hours ago

Family finds long lost man after he is rescued from 17 metre well

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Coronavirus (Covid-19)12 hours ago

16 new dark red provinces and restrictions extended to August 16

Hua Hin13 hours ago

Hua Hin Maya Club execs get 3 months for superspreader event

Myanmar15 hours ago

Thai candidate selected as ASEAN envoy to Myanmar

image
Join the conversation on the Thaiger Talk forums today!
Coronavirus (Covid-19)16 hours ago

Foreigners able to register on vaccine site despite data leaks, glitches

Thailand16 hours ago

Covid UPDATE: 18,027 infections, provincial totals

Thailand1 day ago

Covid UPDATE Sunday: 18,027 infections, expat vaccine registration

Transport1 day ago

August flight plans: Bangkok Airways, Nok Air, Thai Lion

Coronavirus (Covid-19)1 day ago

New site for foreigner vaccine; Mor Prom deletes appointments

Politics1 day ago

Facebook fake news post suggesting a coup faces prosecution

Koh Samui2 days ago

UPDATED: Samui Covid-19: 14 new Black Club infections, 2nd small cluster

Thailand2 days ago

40,000 cases a day could happen by September, says projection

Phuket2 days ago

Phuket Sandbox Covid-19 infections: 35 today, 209 this week

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand7 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending