Bangkok, Thailand - To promote the development of medical marijuana products, the UN member state of Thailand has removed low-grade cannabis and hemp extracts from its banned narcotics list, officials said. Hemp seed and oil derivatives are allowed.
Thailand legalized medical marijuana last year.
“The intention is to allow extracts for medicines, cosmetics and food and support hemp among other things because of the interests,” Tares Krassanairawiwong, secretary general of the Food and Drug Administration in Thailand, told reporters.
“Until now, only hospitals and research facilities have been allowed to apply for permits to develop medical cannabis extracts, but companies see an opportunity,” said Reuters.
CBD extracts from cannabis and hemp plants containing less than 0,2% THC were removed from the category 5 narcotics schedule, according to a Thai regulator.
Under the terms of Thailand's Measure for Suppressing Narcotic Offenders Act, which is similar to the United States' current federal drug planning system, Category 5 includes psychedelic mushrooms, cannabis, and kratom. Category 5 drug offenses can be punished with up to 15 years in prison and fines of up to 1,5 million baht (€ 45.000).
According to Tares, vertical integration for cannabis is limited to five years for domestic producers with a permit to protect the emerging industry. However, work is currently underway to revise rules that would allow companies to apply for permits.
More than 334 permits have already been issued, mainly to hospitals and health authorities, according to the website of FDA Thailand.