Thailand’s Cannabis Prices Drop Amid Oversupply And Legal Uncertainties, Pakistan Senate Reviews Market Potential
In recent years, people around the globe have become more open to cannabis legalization. Here are some of the latest marijuana milestones from Thailand and Pakistan.
Thailand Cannabis Prices Fall, Legal Uncertainties Rise With New Prime Minister
Thailand’s cannabis industry is facing a serious product price drop due to the market oversupply. The price of dried cannabis flowers has fallen to less than 2,000 baht ($58.29) per kilogram, writes Thairath, according to translation.
Affected by this price drop, some local cannabis growers and producers are turning to new cultivation technologies to enhance the quality and value of their marijuana products. More specifically, some cultivators are using Aeroponic technology with the goal of reaching international markets. With Aeroponic technology, growers can cultivate high-quality plants that meet the export standards of Europe and Australia. In these markets, cannabis can reach the price of 100,000 baht per kilogram.
One company using Aeroponic technology and targeting other global markets is Oriental Plantation Co., Ltd., in the Suranaree Industrial Zone in Nakhon Ratchasima. It has already received orders from Australia and Germany.
Apiban Sriy, executive of Oriental Plantation, stressed that large European markets such as Germany are highly …