420 with CNW — Thailand Greenlights Marijuana Home Grows

Earlier this week, the narcotics board in Thailand announced that it would be removing marijuana from its list of controlled drugs, which would allow households in the country to grow the herb. Thailand was the first country in southeast Asia to legalize cannabis for research and medical use in 2018.

Under this new law, individuals can grow marijuana at home after they have notified the local government. However, the country’s Health Minister Anutin Charnvirakul stated in an interview that the marijuana grown can’t be used for commercial purposes if one hadn’t obtained a license.

Before home growing of marijuana plants becomes legal in the country, citizens will have to wait for 120 days to pass after the rule has been published in the official Royal Gazette.

The country’s health ministry plans to also introduce a draft measure to parliament soon that includes guidelines on the legal use of marijuana, including the plant’s commercial use and production as well as details on its recreational use.

In a previous statement, the country’s food and drug regulator chief Paisal Dankhum stated that homegrown marijuana could only be utilized for medical purposes such as traditional medicine, noting that random inspections would be carried out. Under the draft measure, punishments for growing marijuana at home without notifying one’s local government will be a fine of about 20,000 baht, which is roughly $605. Individuals found selling cannabis without a license will be fined roughly $9,000 and/or be jailed for three years.

This move is the next step in the country’s goal of promoting marijuana as a cash crop and allowing farming families to grow the plant as a way to generate income. Data from the World Bank shows that nearly one-third of Thailand’s labor force is involved in agriculture.

Last year, Thai cosmetic companies and drink manufacturers launched products with CBD and hemp after the use of this compound was approved for use in consumer goods. CBD (cannabidiol) is one of the two main compounds found in marijuana, the other substance being THC. Unlike THC, which induces a high, CBD doesn’t make people high.

Before this recent measure was introduced, licensed cultivators of marijuana were only allowed to use the plant’s leaves, stalks, roots and stems. The partial ban on the other parts of the marijuana plant was approved during Thailand’s marijuana legalization process. It was implemented because the plant’s flowers, buds and seeds usually contain high amounts of THC.

As additional countries and jurisdictions bring cannabis prohibition to an end, more individuals will have access to marijuana-based offerings, such as BevCanna Enterprises Inc.’s (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) suite of health & wellness products.

NOTE TO INVESTORS: The latest news and updates relating to BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) are available in the company’s newsroom at http://cnw.fm/BVNNF

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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