Thailand Medical Cannabis Market Report 2021: A $26.3

Dublin, Feb. 21, 2022 (GLOBE NEWSWIRE) — The “Thailand Medical Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s providing.

The Thailand medical hashish market reached a worth of US$ 26.3 Million in 2020. Wanting ahead, the market to develop at a CAGR of round 32% throughout 2021-2026.

Holding in thoughts the uncertainties of COVID-19, we’re constantly monitoring and evaluating the direct in addition to the oblique affect of the pandemic on totally different finish use sectors. These insights are included within the report as a significant market contributor.

Hashish, also called marijuana, comes from the hemp vegetation resembling hashish sativa and hashish indica. THC (tetrahydrocannabinol) is the principle psychoactive a part of hashish and is used for medicinal functions in a number of nations throughout the globe. Much like a number of different nations, hashish was extensively used as a conventional drugs in Thailand. It was additionally used for a number of medical functions like muscle relaxer, to ease girls’s labor pains and as a condiment in cooking.

Nonetheless, the sale and possession of marijuana was banned and criminalized in 1935 by the Hashish Act and was additional criminalized by the Narcotics Act of 1979. Regardless of this, the marijuana tradition in Thailand has softened over previous couple of a long time, although not utterly. Lately, Thailand authorities has legalized hashish for medical functions. There are a number of components that may drive the demand for hashish in Thailand.

Thailand possesses geographical benefit over the manufacturing of hashish due to its annual tropical local weather leading to decrease manufacturing prices as much less synthetic mild wanted and temperature management are required for the cultivation of hashish.

Furthermore, Thailand has traditionally had a powerful custom of utilizing hashish for medical functions which can be anticipated to create a optimistic impression on its demand. A few of the different main components that may drive the market embody international investments, ageing inhabitants, rising variety of medical trials and R&D investments, and so forth.

Key Questions Answered in This Report:

How has the Thailand medical hashish business carried out to date and the way will it carry out within the coming years?
What are the favored species within the Thailand medical hashish business?
What has been the impression of COVID-19 on the Thailand medical hashish business?
What are the important thing derivatives within the Thailand medical hashish business?
What are the varied functions of medical hashish?
Who’re the key end-users for medical hashish?
What are the key routes of administration within the Thailand medical hashish business?
What are the varied levels within the worth chain of the medical hashish business?
What are the cultivation and harvesting necessities for hashish?
What are the processing necessities for hashish?
What are the important thing driving components and challenges within the Thailand medical hashish market?
What’s the construction of the Thailand medical hashish business and who’re the important thing gamers?
What’s the diploma of competitors within the Thailand medical hashish market?