Thailand set to cash in on multi billion baht medical ganja market - more if it turns recreational

Thailand set to cash in on multi billion baht medical ganja market - more if it turns recreational

 

5pm.jpg

File photo

 

Thailand is set to play a part in what strategic analysts are calling a major boom in the ganja market in Asia.

 

Strategic consultants Prohibition Partners said out of London last week that the Asian medical ganja market is set to be worth 5.8 billion US dollars by 2024.

 

It could be worth 8.5 billion if recreational use is added.

 

Major players are China, Japan, India, South Korea and Thailand. 

 

Med Hub News reported on the enormous potential for profits to be made in the drug with tens of millions of potential medical cannabis users and millions more recreational users in the region especially in India. 

 

Reports have suggested that the Thai market could be worth 21 billion baht. 

 

 

thai+visa_news.jpg

-- © Copyright Thai Visa News 2019-05-14
Follow Thaivisa on LINE for breaking Thailand news and visa info
latest news from Thailand

‘Eat, Shop, Spend’ wins 1m subscribers on very first dayBy The Nation  The “Eat, Shop, Spend” campaign earned an overwhelming response on Monday (September 23), the very first day of its launch, with close to one million Thais registering. Krungthai Bank set the daily limit for registration at one...

READ MORE...

Consumers’ rights to be protected under new MoUBy THE NATION  The Electronic Transactions Development Agency (ETDA) last week signed a memorandum of understanding (MoU) with major consumer organizations and private companies on a consumer protection initiative covering products and services sold...

READ MORE...

Farmers want solution to falling price of snapper fish  A group of fish farmers have called on the government to solve the problem of the falling price of snapper. Pramot Mongkolcheeva, a member of the group that raises snapper, said the price of the fish had fallen from Bt130-Bt140 per kilo to...

READ MORE...

Fears for Indian after he is swept away by flooded streamBy THE NATION A file photo, taken on September 23, of a flooded area in Kabin buri district of Prachin Buri province An Indian national has gone missing in a strong, overflowing stream amid floods in Prachin Buri province, prompting a...

READ MORE...
sponsors