LOCATION: Phop Phra, Tak
ESTABLISHED: 2013
SEEDS FOR A NEW GREEN MARKET
HempThai is one of the pioneers in Thailand’s hemp industry. Specializing in organic hemp products, the business is dedicated to empowering the Hmong hill tribe people, promoting new and more sustainable ways of agriculture and bringing fresh and more creative products to the market.
The cultivation of cannabis with less than 0.2% THC content became legal in Thailand in 2020, leading more entrepreneurs to explore the applications of the non-intoxicating form of cannabis known as hemp. The global market value of hemp alone is projected to reach US$18.6 billion by 2027, whereas the Thai market is expected to grow at a compound annual rate of 126 percent per year over the next five years.
For centuries, the Hmong hill tribe of the mountainous north had used this versatile material from the cradle to the grave for everything from cribs to funerary shrouds, with production kept at minimal levels and off the government’s radar. Now the Hmong in Tak are poised to take advantage of the legalization of hemp cultivation to serve burgeoning domestic and international markets.
HAILAND’S BCG TRANSFORMATION : 40 Case Studies on the Bio-Circular-Green Strategy and the Sufficiency Economy Philosophy In Action” page 94 – 97
