On August 4, 2020, the Thai Cabinet amended the Narcotics Act on and is now pending Parliament’s approval, to allow private medical operators — a category including some traditional medicine practitioners and farmers — to grow and trade the crop including for both export and import.
This might be a good news for the potential to create for Thailand and SEA economy. However, this breadth of opportunity, in a largely unregulated space, reflects the various and at-times awkward legal systems presently facing the many promising businesses that seek to enter and prosper in the industry.
We provide clear and detailed advice concerning the lawfulness of its clients’ cannabusiness model – whether within or outside of the medicinal space – as well as the licenses, registrations and other relevant compliance requirements applicable to it.
We also advise and assist clients through appropriate licensing, suah as FDA license. and ongoing compliance processes with regulators. Certain cannabusiness models may not be lawful and feasible right now. But there are ways to strategically and commercially prepare a brand and business for when it is. Our in-depth understanding of the appropriate legal frameworks, alongside our positioning in the sector, empowers us to develop our clients’ presence and vision for themselves as leaders within the industry.
What Can We Offer You?
Consultation Services
- We’ll chat to you about your company and its interests, answering any specific questions at any point in the development of your business model, and the proper license for your product, doing a licensing application and conduct a Legal research and advice regarding Cannabis and Cannabusiness, and other products regulated by FDA, TISI and liaising with relevant regulator.