Thailand's local companies expected to change cannabis laws and regulations laid out CBD food in advance

With the legalization of cannabis and industrial cannabis in Thailand, Thailand's largest private company began to pay attention to CBD food. A division of Charoen Pokphand Group (CP), an agribusiness giant, established a joint venture with gunkul engineering, a renewable energy developer, in May to produce food and beverage products containing CBD. A few days before the signing of the agreement, Thailand became the first country in Asia to legalize possession of cannabis. Prasit boondoungprasert, CEO of the company, said that industrial cannabis is "a new cash crop that can be transformed into value-added food and beverage in the context of growing domestic and international demand." Boondoungprasert also said that the cooperation would involve cannabis production, but did not elaborate. According to the Bangkok Post, the country's food and drug administration has received more than 4700 license applications for the import, possession, cultivation and production of cannabis and cannabis.

Source: mjbizdaily com/