Bartenders serve cannabis-mixed sparkling craft soda during the 360 Cannabis and Hemp for the People expo in Buriram province, Thailand, on March 5 2021.Picture: REUTERS/ATHIT PERAWONGMETHA
Cosmetics makers, drinks companies and rubber products business are all now investing in developing domestic cannabis farming and products using the plant: importing hemp and derivatives is allowed only for research purposes. Only companies that are majority-owned by Thais can receive licences to use hemp, under government rules.
“Taking top market position will be important for companies because it's rare that a product has, not only national, but global buzz,” he said, speaking to Reuters this week in an interview. Still, Lapiz said, if there are opportunities for export, the farm income growth would boost Thailand's economy.Thailand has a history of using cannabis in traditional medicine to relieve pain, as well as a condiment, and in 2018 legalised the plant for medical use and research.
In cosmetics, the brand Smooth E hopes to be the first to have CBD products and expects approval in August. Golden Triangle's chair, Chatchaval Jiaravanon, is a member of the billionaire family that controls one of the country's largest agro-industrial conglomerates, Charoen Pokphand Group, which also advised Golden Triangle on models for co-op farming.
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