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Medical cannabis joint venture launches

Thonburi Healthcare Group (THG) is teaming up with partners to research, develop and produce cannabis and hemp products for medical purposes.

The collaboration is outlined in a memorandum of understanding (MoU) signed with Srinakharinwirot University (SWU), Mahidol University and Kasetsart University.

THG chairman Dr Boon Vanasin said the MoU is aimed at developing and carrying out research on medical products from cannabis and hemp extracts that are easy to use, efficient and suitable in the treatment of many diseases.

The aim is to create quality medical-grade cannabis products that are affordable to the Thai people, said Dr Boon.

He said the project is being carried out in response to government legislation that allows private individuals and companies to grow hemp for commercial purposes.

“SWU is a leading university in Thailand and is renowned for its academic excellence and teaching standards, so we will benefit from their expertise in medical cannabis,” Dr Boon said.

SWU president Somchai Santiwatanakul said the project will take place under strict regulation by government agencies to ensure no harmful consequences or undue impacts on Thai society as cannabis is still listed as a Category 5 narcotic. [Read more @ Bangkok Post]

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