Is CBD Oil Legal In Thailand?
Across the world, CBD is reaching heights of popularity which the compound had previously never seen. Estimates range, but the numbers are huge: CBD may generate $1 billion by the end of 2020, $20 billion by 2024 or $22 billion by 2022. No matter how you look at it, these are massive numbers.
What has driven this change? First is the evidence: There are some studies – as well as countless anecdotal stories – which claim that CBD might help people address a variety of physical and emotional challenges. More research is needed, but it does seem clear that the potential exists for CBD to help people.
The compound’s popularity has caused governments across the world to reexamine their own laws pertaining to CBD, which has long been illegal, as it was thought to be an offshoot of the cannabis plant. While it does come from cannabis – as does marijuana – that’s where the similarities end, as hemp-derived CBD has virtually no detectable THC content (THC is short for tetrahydrocannabinol, which is the chemical in marijuana which is responsible for intoxication). As a result of this shifting understanding, many countries have changed their laws to allow for CBD to be available commercially or for health purposes. Thailand is one such example.
Is CBD Oil Allowed In Thailand?
Yes, CBD Oil is Legal in Thailand, but it appears that it will only be available for medical facilities and research.
The change occurred, very recently, in August 2019, when Thailand’s government announced they were dropping CBD and cannabis from its narcotics list. As originally reported, only hospitals and research facilities will be allowed to develop CBD, and it appears that many will quickly move to do so. CBD has already been made available at some hospitals in the country. Thus far, it appears that CBD is only available at government run hospitals.
Marijuana Laws In Thailand
The recent legalization of CBD appears to have developed from the country’s growing push into the medical marijuana industry, an industry which is expected to generate $660 million by 2024.
The full legalization of medical marijuana became official in the country in February 2019, when Thailand’s King officially approved a royal decree, allowing for medical marijuana to be sold in the country. The legislation itself, which passed in December 2018, made Thailand the first country in Asia to approve of medical marijuana.
The proclamation seems to have shifted the entire debate on marijuana in the country, as members of major political parties began to debate the legality of the substance. Anutin Charnvirakul, candidate for prime minister, began to publicly argue for the full legalization of marijuana, a move previously unprecedented from a major political candidate in the country.