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posted 1 year ago
The Thai Cabinet has approved a crucial draft ministerial regulation governing the licensing of Category 5 narcotics, specifically for cannabis and hemp extracts. This regulation, proposed by the Ministry of Public Health, will serve as a subordinate law under the Narcotics Act B.E. 2564 (2021), with a critical stipulation that cannabis and hemp extracts containing THC exceeding 0.2% remain classified as narcotics.
The new regulation establishes four specific categories for licensing as follows:
The framework sets clear eligibility requirements for license applicants as follows:
The regulation has already shown a significant impact on Thailand’s cannabis-related industries, with over 2,900 products receiving approval as follows:
To maintain safety and quality standards, the framework implements several key controls as follows:
This regulatory framework positions Thailand as a pioneer in progressive cannabis policy while maintaining necessary safeguards. Including public and private stakeholders in the licensing system, coupled with clear guidelines for various applications, creates a balanced approach that promotes economic opportunity and public safety.
The success of this framework will likely depend on continued collaboration between government agencies, private sector participants, and research institutions, as well as ongoing monitoring and adjustment of regulations to meet evolving industry needs while ensuring public health protection.
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✔️ Confirm zoning and permits.
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When your international business faces financial distress, quick action is key! 🔑 Negotiating with creditors, restructuring debt, and understanding insolvency laws can help regain stability. Global Law Experts is here to guide you through your options.
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