Thailand’s interest in beauty, food, and tobacco is quickly moving to launch hemp operations under regulations released in late 2020 and unveiled by the national government this week.
The country-held TOAT, Tobacco Authority of Thailand asserted that it plans to convert 13,500 tobacco growers to marijuana and industrial hemp farmers for the state’s authorized medical marijuana market. TOAT disclosed that it’d begin its marijuana activities by first farming hemp. It also noted that due to a pending State Council ruling regarding its competence in the marijuana space, it might start in August.
Additionally, two major Thai companies said they’re making new beverages, foods, supplements, and beauty &health commodities containing hemp. According to Thailand’s FDA, those items may not have cannabidiol or other marijuana terpenes classified under the regulated prescription marijuana drugs markets.
Thailand’s Tobacco Authority Act highlights that TOAT can only offer tobacco leaves and other certain plants. However, Panuphol Rattanakanjanapatra (the Tobacco Authority’s governor) stated that he’s positive that the State Council will approve TOAT to continue producing industrial hemp. The decision is expected as soon as the following week.
Panuphol said that the Authority is planning to provide a price guarantee for involved farmers and will initially concentrate on producing medical marijuana and industrial hemp.
TOAT disclosed that it had discussed with international and domestic parties regarding the development of marijuana supply chains, such as financial firms to support cultivators.
The Authority asserted that TOAT also plans to meet with the Government Pharmaceutical Organization and Chulabhorn Research Institute to talk about marijuana and hemp in medical applications.
Top Thai firms have shown their hemp plans, such as CP Foods that said it’s working with Maejo University to create a hemp-derived food line set to be launched this year.
Based on the Public Health Ministry’s recent notification, hemp is a permitted ingredient in food commodities, such as bakery products, breakfast cereals, food supplements, and snacks.