Dec 13, 2022
A few weeks ago, we published an article on the cannabis industry in Thailand and received a substantial amount of requests for information on the topic.
Last week, we received an update on the market from Benzinga which covered the expansion of a partnership between Geocann and Sunderstorm. The expansion will start with Thailand and we will monitor how the relationship advances over the next year.
According to the article from Benzinga, Sunderstorm pioneered the fast-acting edibles market in the United States and is using technology-based cannabis formulations to deliver premium products.
Sunderstorm CEO Cameron Clarke said, “the partnership with Geocann is the platform for providing consumers around the world with safe and effective products that are validated in both peer-reviewed and well-designed pilot studies.”
A Long Term Growth Opportunity
In 2020, Thailand became the first country in Asia to decriminalize the production and use of medical cannabis. The decriminalization of cannabis comes after cannabis was removed from the list of drugs that are prohibited under Thailand’s Narcotics Law and we consider this to be a significant advancement for the industry.
According to Prohibition Partners, Asia’s cannabis market is estimated to be worth more than US$5.8 billion by 2024. We are focused on identifying companies that could benefit from the growth of the Asian cannabis industry and are especially bullish on the opportunity in Thailand
Thailand represents an attractive long-term opportunity and we are favorable on how the market is not saturated. From a population standpoint, Asia is the largest continent in the world and we are bullish on the long-term opportunity for the cannabis industry in the region.
https://technical420.com/cannabis-article/why-thailand-needs-to-be-on-your-radar-as-an-emerging-cannabis-market/#
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