Thailand removes low-THC hemp extracts from its Narcotics Control List
Thailand announced on Monday has removed hemp extracts (at -0.2% THC) from its list of narcotics. This specifically concerns hemp extracts, such as pure CBD, CBD-based products and products containing less than 0.2% of THC, the psychoactive ingredient in cannabis. The latter have been removed from category 5 of Thailand's narcotics list.
All forms of cannabis were previously classified as category 5 under the country's crackdown on drug traffickers law. Anyone caught in possession of cannabis or any other category 5 drug faced a fine of up to 1.5 million baht (€44,000) and a prison sentence of up to 15 years. But the government has finally removed pure CBD oils, CBD products and other cannabis products containing less than 0.2% THC from category 5. Hemp seeds and oils have also been removed from this classification.
«The aim is to enable extracts to be used in medicines, cosmetics and food and to support hemp as a profitable crop,» the secretary general of the Thai Food and Drug Administration, Tares Krassanairawiwong.
At present, only hospitals and research centers can apply for a license to develop their own cannabis extracts for medical purposes, but local companies are also expecting to get in on the act soon.
The production, cultivation and sale of cannabis is limited to Thai licensed producers for a period of five years, in order to protect the domestic industry. However, the Thai government is currently drafting regulations to allow private companies to join the sector. 334 licenses have already been awarded to hospitals and health agencies to enable the dispensing of cannabis-based medicines. For the time being, these are limited to CBD oil, 10,000 copies of which have already been distributed to patients last month.
Thailand, which has a strong tradition of medical use of cannabis, has legalized cannabis for medical purposes last December.
Thailand's cannabis market is expected to reach $660 million by 2024, according to Prohibition Partners.
The «cannabis» fine raised to 500 euros under the RIPOST Act
Sacha Baron Cohen Brings Ali G Back to Life During a Surprise Appearance at Wimbledon
Botswana Paves the Way for Commercial Hemp Cultivation
The First Authorized Medical Cannabis Cultivation in the Canary Islands
Germany Ends Public Health Insurance Coverage for Medical Cannabis Flowers
Cannabis Legalization in Pennsylvania Once Again on Hold
Democratic senators are reviving a bill to legalize cannabis at the federal level in the United States
A THC:CBD oil shows promising results in reducing agitation in people with dementia
San Francisco Allows «Cannabis Cafés»
Kenya Denies Rastafarians the Right to Use Cannabis
-
Cannabis in Europe4 weeks agoBosnia and Herzegovina Continues to Roll Out Medical Cannabis Following Its Legalization
-
Cannabis in France3 weeks ago
France Submits the Long-Awaited Decree on the Reimbursement of Medical Cannabis to the Council of State
-
Cannabis in the U.S.4 weeks ago
The DEA Begins Hearings on the Federal Rescheduling of Cannabis
-
Business3 weeks ago
China Invests $10 Million in Medical Cannabis in Lebanon
-
Cannabis in Thailand4 weeks ago
Thailand Threatens Cannabis Shops with Severe Penalties
-
Cannabis in Australia2 weeks ago
South Australia is working to identify more water-efficient hemp varieties
-
Exchange4 weeks ago
Glass House will be the second U.S. cannabis company to list on the New York Stock Exchange
-
Cannabis in Africa1 week ago
Kenya Denies Rastafarians the Right to Use Cannabis
You must be logged in to post a comment Login