Hemp Today reports
The Thai Industrial Hemp Trade Association (TIHTA) said it has signed a cooperation agreement with 12 manufacturing industries to advance innovations and technology for the hemp industry.
The agreement is aimed at advancing product research and development, knowledge exchange, production standards, planning, and price management, according to TIHTA President Pornchai Patthaminthara.
Aviation to animal feed
Signatories to the agreement represent the automotive, aviation, food & drinks, nutritional supplements, medicine, spa, herbs, cosmetics, and textiles sectors as well as the wellness tourism, furniture and animal feed industries.
The initiative includes cooperation on the Asia International Hemp Expo planned Nov. 30-Dec. 3, which aims to underscore Thailand’s potential in the hemp and cannabis industries, and showcase cultivation technology and innovations.
While Thailand’s laws allow private individuals to grow hemp, commercial producers must apply for permits and are under rules for investment, sales and imports that are highly restrictive. Only Thai interests may establish operations, with foreign interests blocked from direct participation in approved cannabis businesses.
More than 120,000 individuals have registered to cultivate hemp and marijuana in Thailand after new rules for cannabis went into effect last month. The rules allow private growing through a simple online registration platform hosted by the Food and Drug Administration (FDA).
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Thai hemp association signs pact with 12 mainstream industries