Parade asks for FDA licenses to plant “Hemp” to extract CBD oil to expand the pharmaceutical business.
Big business responds to new hemp-marijuana crops “Sri Trang” asks for a license to plant 200 rai of hemp pilot this March, investing in the oil giant CBD oil extraction plant “PTT-PTG,” showing off Invest in pharmaceutical products – medical devices Ministry of Agriculture and Agriculture has cleared the license and know-how to support from the beginning of the day.
After the Cabinet (Cabinet) has approved the draft ministerial regulations for permission and permission to produce, import, export, sell or have in possession. The fifth category of narcotics, only hemp, is to be pushed into a new economic crop of Thailand. It appears that entrepreneurs are actively interested in investing.
There have been launches such as Carabao Group, a beverage manufacturer, Dentiste toothpaste, RS Group, which produces skincare and food supplements, PT gas station in the food and beverage business, R&B Food Supply. Food additives and DOD Biotech, a food supplement manufacturer.
Sri Trang planted the first phase of 100 rai.
Mr. Veerasit Sincharoenkul, Executive Director of Sri Trang Agro-Industry Public Company Limited or STA, a full-service manufacturer, and distributor of natural rubber, revealed that Sri Trang is already doing its upstream business by cultivating para rubber and many economic crops.
Recently, the company has been in the process of applying for a license to grow hemp with the Food and Drug Administration (FDA) in March. Along with preparing to divide 100-200 rai of land from the land in the hand of 45,000 rai across the country for a pilot plot for hemp cultivation.
“After receiving a license from the FDA, the company plans to bring 100-200 rai of land in the northern and northeastern zones. which has a suitable climate for growing hemp In the first phase, experts discussed and imported seeds from abroad. The timeline is expected to begin planting hemp by mid 2021. It will take four months for the plant to grow and harvest its produce, including hemp inflorescences and seeds. for further sale to the CBD kaufen extraction plant.”
Aims to invest in labs – CBD extraction plants
Mr. Weerasit added that Ingredients for inflorescences and hemp seeds when extracting CBD oil are Qualified as a substance that does not affect the brain. For use as an ingredient in certain products such as cosmetics, beverages, etc., it is said to continue to add a lot of added value. Therefore, it is an exciting cash crop. and tends to be in demand in the market
According to the research of Kasikorn Securities Company, the purchase price of CBD oil Calculated from the planting area of 1 rai, 25 kg of hemp seeds, and hemp flowers can be extracted to produce CBD kaufen. At the same time, there is a trend that there is a demand for it to be used as an ingredient in product production. Sri Trang sees it as an investment opportunity.
“We plan to expand the hemp business in two phases. The first phase is an upstream investment by cultivating and harvesting inflorescences and seeds for sale to CBD oil refineries. If there is a high demand The company is ready to expand the hemp plantation area to 1,000-2,000 rai immediately because the land is ready.”
For the next investment plan, Sri Trang is interested in building more laboratories and CBD kaufen extraction plants. The goal is to expand the business to cover upstream (cultivation) and midstream businesses. (Extracting CBD oil)
Giant PTT-PTG interested
Mr. Buranin Rattanasombat, Executive Vice President Strategic management of the downstream petroleum business group, PTT Public Company Limited, and Chairman of the Board of Innobic (Asia) Co., Ltd. disclosed “National Business” that PTT Group has the policy to promote bio-economy. Or bio-economy Therefore, it does not block the consideration of studying the possibility of investing in cannabis-related health businesses.