Thailand Medical Cannabis Market 2023: Size, Industry Overview, Trends, Future Scope, Regional Analysis and Business Opportunities by 2028
The latest report published by IMARC Group, titled “Thailand Medical Cannabis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The Thailand medical cannabis market size reached US$ 122.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,408.0 Million by 2028, exhibiting a growth rate (CAGR) of 53.2% during 2023-2028. Cannabis represents a psychoactive drug that is generally extracted from cannabis indica, cannabis ruderalis, and cannabis sativa plants. It is widely used in the manufacturing of medicines since it contains tetrahydrocannabinol (THC) which offers a relaxing and calming effect when consumed. Therefore, cannabis is extensively utilized for treating numerous medical conditions, including chronic pain, inflammation, insomnia, anxiety, depression, etc. It is further consumed by patients in pill form who are undergoing cancer chemotherapy and also suffering from acquired immunodeficiency syndrome (AIDS). In Thai...