Reference
·Supporting source
Thailand cannabis market size (2022-2025)
~USD 0.9-1.1B (2024)
Thailand's domestic cannabis market — covering medical, wellness, food and beverage extracts, and recreational-grey segments — reached an estimated USD 900M-1.1B in 2024 per Prohibition Partners, University of the Thai Chamber of Commerce (UTCC), and Krungsri Research scaling estimates, up from approximately USD 200M in 2022 ahead of full delisting. The 2025 figure is expected to retrench to USD 700-850M following the policy reversal and consequent dispensary thinning. Medical and wellness segments are stable; recreational-grey is the contracting component. Krungsri Research and SCB EIC track the segment quarterly; UTCC produces annual outlook studies.
Figure in context
Thailand's domestic cannabis market — covering medical, wellness, food and beverage extracts, and recreational-grey segments — reached an estimated USD 900M-1.1B in 2024 per Prohibition Partners, University of the Thai Chamber of Commerce (UTCC), and Krungsri Research scaling estimates, up from approximately USD 200M in 2022 ahead of full delisting. The 2025 figure is expected to retrench to USD 700-850M following the policy reversal and consequent dispensary thinning. Medical and wellness segments are stable; recreational-grey is the contracting component. Krungsri Research and SCB EIC track the segment quarterly; UTCC produces annual outlook studies.
Interpretation notes
What this tells you
Thailand's domestic cannabis market — covering medical, wellness, food and beverage extracts, and recreational-grey segments — reached an estimated USD 900M-1.1B in 2024 per Prohibition Partners, University of the Thai Chamber of Commerce (UTCC), and Krungsri Research scaling estimates, up from approximately USD 200M in 2022 ahead of full delisting. The 2025 figure is expected to retrench to USD 700-850M following the policy reversal and consequent dispensary thinning. Medical and wellness segments are stable; recreational-grey is the contracting component. Krungsri Research and SCB EIC track the segment quarterly; UTCC produces annual outlook studies.
What not to do with it
Values in USD billion. 2024 peak; 2025 reflects recriminalisation drag.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand licensed cannabis dispensary count (2022-2025)
Ministry of Public Health, FDA Thailand, Bangkok Post cannabis policy tracking
Thailand hemp and CBD-product export value (2020-2024)
Thai Customs export data, 3304 CBD-bearing cosmetics, 1518 hemp oil), Thai FDA, Ministry of Commerce
Thailand medical cannabis cultivation and processing licences
Thai FDA Narcotics Control Division, Ministry of Public Health Department of Thai Traditional and Alternative Medicine, Government Pharmaceutical Organization
ASEAN cannabis policy comparison (2024)
Prohibition Partners ASEAN Cannabis Report, ASEAN Ministerial Meeting on Drug Matters disclosures, regional cannabis policy trackers
Thailand cannabis policy timeline (2018-2024)
Royal Thai Government Gazette, Ministry of Public Health policy disclosures, Bangkok Post and Thai PBS legislative coverage
Surviving licensed dispensary share after rollback
Ministry of Public Health DTAM register, Thai Cannabis Future Network, Thai Industrial Hemp Trade Association
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.