The Thai Industrial Hemp Trade Association (TIHTA) said it has signed a cooperation agreement with 12 manufacturing industries to promote innovations and technology for the cannabis industry.
The agreement aims to enhance product research and development, knowledge sharing, production standards, planning and pricing management, according to TIHTA President Pornchai Patthaminthara.
Fly to animal feed
The signatories to the agreement represent the automotive, aviation, food and beverage, nutritional supplement, pharmaceutical, spa, herbal, cosmetic and textile sectors as well as the health tourism, furniture and animal feed industries.
The initiative includes cooperation in the Asia International Cannabis Fair to be held from November 30 to December 30. 3, which aims to emphasize Thailand’s potential in the hemp and hemp industries, and showcase farming technology and innovations.
While Thailand’s laws allow individuals to grow hemp, commercial producers must apply for permits and are subject to highly restrictive investment, sales, and import rules. Only Thai interests may establish operations, with foreign interests prohibited from directly participating in the approved cannabis business.
more than 120,000 people They are registered to grow hemp and marijuana in Thailand after new cannabis rules went into effect last month. The rules allow for growth through a simple online registration platform hosted by the Food and Drug Administration (FDA).
Private farmers must only register their intentions, and do not need to obtain additional permission. Hemp and marijuana can be grown privately for health aids and traditional medicines, and hemp for industrial applications.
Despite the limitations of business operations, many companies have Announce plans To develop the CBD business after removing hemp and marijuana from the list of dangerous drugs in the country under changes that took effect last month.
1.0% THC Limit
Thailand is the first country in Southeast Asia to decriminalize all forms of cannabis, and one of the few countries to have Adjust the level of THC For hemp “in the field” at a full rate of 1.0% by dry weight. Most countries note 0.3% THC as a demarcation between high THC marijuana plants and industrial hemp.
Thai hemp strains are high in fiber while THC and CBD levels are low. However, the government said the search for local varieties is minimal, and needs to be expanded.