Thailand is the first Asian country that allows medical weed.
The Thai Parliament has approved the legalization of marijuana for medical use. The medical weed that has high CBD levels is among other things used against chronic pain.
The trade in and possession of marijuana for recreational use remains strictly prohibited.
Thailand is the first state in Asia that legalises the use of cannabis for medical purposes, although opponents say there are doubts about the effects and side effects.
In many Southeast Asian countries, drug laws are strict. In Singapore, Indonesia and Malaysia, marijuana traders can even get the death penalty.
"This is a New Year's gift from the
National Legislative Assembly to the
government and the Thai people,"
said a parliamentarian on Thai television.
Thailand is now the first Asian country to tap into the burgeoning cannabis market, as stated on CNBC. The move allows Thailand to take advantage of a rapidly expanding industry.
The global medical marijuana market could reach $55.8 billion by 2025, according to an analysis published last year by Grand View Research.
Some Thai advocates hope that this approval on medical use will pave the way for legalization for recreational use, too.