Thailand Legal Cannabis Market Is Likely To Witness Huge Growth
Thailand Legal Cannabis Market Summary The Thailand legal cannabis market size was estimated at USD 1.31 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 33.0% from 2025 to 2030. The rapid market growth can be primarily attributed to the legalization of cannabis, which has paved the way for new commercial opportunities. Increasing public awareness of the therapeutic properties of cannabis-based products is also playing a significant role in driving market demand. The rising use of cannabis for both recreational and medical applications further boosts the growth prospects for the legal cannabis industry in Thailand. Cannabis has shown promising results in treating neurological conditions such as epilepsy, depression, and anxiety. For example, according to Bumrungrad International Hospital, around 700,000 individuals in Thailand are estimated to suffer from epilepsy, highlighting the potential patient base that can benefit from canna...