Discover the Top Benefits of Investing in Hemp for Thailand
After Thailand removed hemp from the “narcotics list” and led to its development as a new economic crop in Thailand, this has become of interest to the Thai business sector and farmers. The benefits of hemp can be further developed in their own businesses.
Let's " Discover the Top Benefits of Investing in Hemp for Thailand" with us, Endoca Asia !
1.Additional Income For Local
Create additional income for farmers by using hemp as part of mixed farming, which allows farmers to generate income in every season, with hemp as part of the agricultural area.
2. Attract New Markets
Attract new markets. Hemp is an important ingredient for natural organic products that have high growth potential, both domestically and for export abroad.
3. Diversification of Agriculture
Investing in hemp cultivation allows Thailand to diversify its agricultural sector. By introducing hemp as a new cash crop, farmers can reduce their reliance on traditional crops and explore new revenue streams by educating farmers on hemp cultivation to generate income because hemp is a plant that is suitable for the climate in many areas of Thailand. It requires less planting cost but can create more value than other plants. This diversification can help increase resilience to market fluctuations and climate change.
4. Job Creation
The growing hemp industry in Thailand has the potential to create numerous job opportunities across the supply chain. From farming and processing to manufacturing and distribution, investing in hemp can generate employment for rural communities and contribute to poverty alleviation.
5. Health and Wellness Benefits
Hemp is a versatile plant with a wide range of health and wellness applications. From CBD oil for pain relief to hemp seeds for nutrition, investing in hemp can promote the production of natural and sustainable products that benefit consumer health and well-being. It is a component of traditional Thai medicine and modern medicine. It has many properties that can help relieve symptoms, such as hemp extract oil that helps relieve pain, reduce stress and help you sleep better.
5.1 Thai herbal cosmetics Benefits
Producing cosmetics and skin care products. Hemp oil extract is used as the main ingredient in the production of Thai herbal cosmetics because it contains substances that specifically help reduce inflammation. Organic hemp oil is suitable for sensitive skin and skin that has undergone procedures. It also restores moisture to the skin.
6. Clothing and Textiles Benefits
Produced as clothing or textiles, hemp fibers are tough, durable, non-moisturizing, and heat-resistant up to 170 degrees Celsius. Therefore, they are suitable for producing a variety of clothing or garments. Hemp fibers can be woven into ancient Thai patterns or dyed with natural colors together with silk, creating a unique identity.
7. Bi-o Chemicals and New Sustainably inventions
Produced as construction materials, hemp fibers are already strong and durable. When processed with industrial technology, they are called “Bi-o Chemical” and mixed with cement, water, or natural rubber to make the material very strong and flexible. Currently, “Hempcrete” is used as a roof or wall to strengthen the structure of buildings.
Overall, investing in hemp cultivation in Thailand offers a myriad of benefits, from economic growth and environmental sustainability to job creation and health benefits. As the global hemp market continues to expand, Thailand has the opportunity to position itself as a key player in the industry, reaping the rewards of this versatile and valuable crop.