Thailand Legal Cannabis Market expected to grow at a CAGR of 32.5% from 2024 to 2030
Thailand Legal Cannabis Industry Overview The Thailand legal cannabis market size was estimated at USD 1.02 billion in 2023 and is expected to grow at a CAGR of 32.5% from 2024 to 2030. Market growth can be attributed to the legalization of cannabis, growing awareness about the therapeutic benefits of cannabis-based products, and increasing use of cannabis for recreational & medical purposes. In addition, the product is useful for treating neurologic problems, such as epilepsy, depression, and anxiety. According to Bumrungrad International Hospital, in Thailand, approximately 700,000 people are suffering from epilepsy. Gather more insights about the market drivers, restrains and growth of the Thailand Legal Cannabis Market Furthermore, there is a high demand for various cannabidiol (CBD)-infused products, such as beauty products, cannabis oil, beverages, gummies, capsules, etc. in the market. CBD can be consumed through vari...