How The Legalization of Cannabis Improved Thailand's Economy
Thailand is one of the countries in the world that have legalized cannabis and its use. The country has been open to the use of cannabis since December 2018, and this has already brought some positive changes, particularly in the agriculture sector. Here’s a look at how cannabis can benefit the agriculture sector in Thailand.
1. Economic Growth: The agricultural sector is often overlooked in Thailand due to a lack of investment and infrastructure; however, cannabis can be a great opportunity for potential investment, infrastructure and research in the sector. Cannabis is highly profitable for those involved in its production, and its legalization in Thailand has created new opportunities for farmers, distributors, and entrepreneurs to enter the market and make money from the plant. This will no doubt bring economic growth to the sector and create jobs.
2. Improved Operational Efficiency: Cannabis has the potential to improve operational efficiency in the agriculture sector through the use of its fibres and seeds. The fibres can help improve the soil structure and fertility, as well as provide additional nutrition to the soil. Similarly, seeds from the cannabis plant can help farmers save money on purchasing expensive seedlings for planting.
3. Improved Yield: Cannabis can help improve yield in the agriculture sector in multiple ways. It can help pests and disease-resistant crops, due to its natural chemical properties. Additionally, when added to compost, cannabis can help improve soil fertility, which can help improve crop yield.
4. Greater Variety: Cannabis can provide farmers with greater variety in the crops they grow. Cross-pollination between cannabis plants can be used to create new strains which can be resistant to certain environmental factors, diseases, and pests. This provides farmers with a greater variety of crops to choose from, allowing them to expand their offering and potentially increase their sales.
5. Reduction in Pesticide Use: The use of cannabis in Thailand can help reduce the amount of pesticides needed to protect crops, as many cannabis plants contain natural compounds which can deter dangerous pests and disease. This will reduce the number of chemicals and pesticides used in farming which can have long-term negative effects on the environment.
Overall, cannabis has the potential to provide significant economic and environmental benefits to the agriculture sector in Thailand. From providing economic growth and improved operational efficiency, to reducing the need for pesticides and providing farmers with an increased range of crops to choose from, the legal use of cannabis in Thailand has the potential to provide significant benefits to the agriculture sector.