Kingdom to gain from production of hemp
The government is aiming to make Thailand a regional manufacturing centre for hemp products in the next five years to generate at least 25 billion baht in income, said Industry Minister Suriya Jungrungreangkit on Sunday.
The plan is projected to add more value to hemp grown and harvested in Thailand by at least 20,000 baht per rai, he said.
The move will also bring about more jobs across the industry supply chain, which the government intends to boost, he said.
The plan is in line with growth in the global hemp industry, which has been driven by the easing of the plant’s legal restrictions in the United States, Canada, Australia, EU, China, Japan and South Korea for commercial purposes, he said.