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On Thursday, Thailand's Ministry of Public Health announced that three types of cannabis oil have been deemed essential medicine, reported Thaiger.
The addition of cannabis oil to the country's National List of Essential Medicines, or NLEM, allows doctors from 893 government hospitals to freely prescribe cannabis extract oil to patients in selected circumstances. It would also make the medicine more accessible in Thailand, with the government covering costs if it's prescribed in a state-owned hospital.
The oil will be used to help cancer patients who suffer side effects from chemotherapy, including nausea and vomiting, as well as to ease the pain of terminally-ill patients.
Currently, there are 1,173 marijuana clinics nationwide, according to Anutin Charnvirakul, the Minister of Public Health.
"It is gratifying that all three formulations of medical cannabis extract oils have been included in the NLEM," said Charnvirakul, who recently revealed his plans to give away a million marijuana plants. "On May 14, this will not only provide patients with more healthcare options but will help to strengthen the nation's medicine. It also reduces the cost of importing expensive drugs from abroad."
Types Of Cannabis Oil
The first type of marijuana oil features a higher percentage of tetrahydrocannabinol (THC), while the second solution contains a higher rate of CBD or cannabidiol.
The third type of cannabis oil has a balanced ratio of THC and CBD, according to Dr. Nathakan Suwanpiddokul, a pharmacist for the GPO.
Thailand's Legalization Efforts
Thailand became the first Southeast Asian country to legalize medical cannabis in 2018. This January, it became the first in Asia to allow marijuana. The new regulation, which officially takes effect on June 9th, allows residents to cultivate cannabis for personal use.
Under the law, registered businesses are permitted to sell cannabis products with less than 0.2% THC.
Minister Charnvirakul recently said that under the new regulation individuals can operate marijuana-related companies. He highlighted the advantages of commercial cannabis cultivation.
"This will enable people and the government to generate more than 10 billion baht ($289.46 million) [per year] in revenue from marijuana and hemp," Charnvirakul said. "Meanwhile, people can showcase their cannabis and hemp-related products and wisdom and sell their products nationwide."
Photo: Courtesy of CRYSTALWEED cannabis on Unsplash
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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