"We may begin to see the revenue from selling hemp flowers and seeds to the contract farming companies, but we aim higher. Aside from the product launch, 88 Cannatek will continue to plant 300,000 hemp seeds in 2023, up from 100,000 hemp seeds in 2022. He noted that according to a Krungsri Bank report, cannabis and hemp have long been used for medicinal and commercial purposes around the world. It is estimated that the market size is currently 800 billion baht and would grow to 1.3 trillion baht by 2025. The Thai market for hemp alone is expected to increase from 600 million baht today to 50 billion baht in 2025.

Source: The Nation Bangkok October 13, 2022 02:03 UTC