Investing in cannabis cultivation in Thailand and the challenges that must be faced – KASIKORN RESEARCH CENTER

Since December 15, 2020, the government has unlocked marijuana and hemp. Being a drug in many parts (except inflorescences and cannabis seeds) has sparked widespread interest. Both the consumer and the producer side lead to the question of hemp and hemp. Can it be a new economic crop? What conditions must be taken into account? Kasikorn Research Center, Therefore, I would like to summarize my views on this issue as follows:

Hemp can be a cash crop that is more open to farmers and investors than cannabis.

Due to cultivation conditions, extraction, product development for cannabis sales, It remains mainly focused on medical benefits because cannabis contains THC that affects the nervous system.

While the cultivation and use of hemp for CBD kaufen extract, hemp seed oil, and fiber are more soothing. Even throughout the supply chain of both must still be under the supervision of the government.

It is expected that the first round of Thai upstream hemp production after unlocking Should gradually be released to the market in the 4th quarter of 2021

-Demand for CBD kaufen extracts and hemp seed oil To be used in industries with high added value, such as pharmaceuticals, cosmetics, food and beverages, food supplements, animal feeds, and fibers for raw materials for innovative products such as auto parts, bioplastics, etc.

That tends to grow both in the country and the world market. It will be a vital driving force that causes investment in hemp cultivation to increase accordingly.

By assessing that The world hemp market in 2020 is worth approximately USD 4,748 million (149,230 million baht) will accelerate to reach 18.608 million US dollars (584,849 million baht) in 2027 or average growth (CAGR) 22.4% per year.

However, even the demand for downstream products will have a good growth trend. The critical issue for investing in Thai hemp cultivation would depend on competing in both quality and price. Especially if in the future there is a liberalization of importing raw materials or hemp extracts from abroad.

Which, of course, In addition to weighing the quality and price of hemp. Compared to other substitute products, Thai upstream hemp needs to be of good quality. The price is not too high And can compete with raw materials and hemp extracts from abroad. Therefore, it is necessary to take into account this point.

– In addition to the issue of competitiveness to meet the downstream industry

The success of hemp cultivation Still requires many conditions, especially knowledge of the correct planting, investment in greenhouses. (Outdoor/Greenhouse/Indoor), proper production management, etc.

Therefore, it is not easy and may require trial and error at an early stage. As a result, investors need to study and have the potential to support the return of capital. that may take years

– Kasikorn Research Center estimates that in 2021, the revenue from hemp inflorescences from the open system (Outdoor) cultivation yields dried hemp inflorescences around 20-40 kg per rai. It may be around 0.2-1.0 million baht per rai due to the high purchase price because the production is still limited mainly while the cost of planting is expected to require an initial investment of 0.3-1.5 million baht per rai. Make it possible that Investors in cannabis cultivation may require a payback period of approximately 4-5 years.

For the cultivation of hemp fibers, Although the purchase price is lower than a bouquet, the yield will be greater, resulting in income, costs, and payback periods. Maybe not much different. CBD kaufen is a hot topic right now. Many people research about it.

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