Cannabis Prices Drop in Thailand

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Update time : 2022-09-27 13:35:37
Farmers in the province of Nakhon Phanom, Thailand are asking the government to help regulate the prices of cannabis after the industry began seeing a drop in value due to an oversupply of the crop.

According to Jirawat Rungsri, president of the Medicinal Herbs Community Enterprise of Na Kham in Sri Songkhram district, the prices dropped dramatically after the government began allowing the public to grow the plant. Before cannabis was delisted as a narcotics earlier this year, only farmers with permission from hospitals, medical centers and universities were able to grow cannabis. Nowadays, anyone can grow cannabis without having to get permission to grow the plant, which drives cannabis prices down.

The price of fresh cannabis leaves has declined from the previous B15,000 (about 396 USD) per kilogram to B3,000 (about 79 USD). Fresh stems were priced at B10,000 (about 264 USD)/kg in the past but today they are worth only B1,000 (about 26 USD).

Source: thephuketnews.com
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