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SiGMA Group is pleased to announce that it has signed a Memorandum of Understanding with Thailand’s prestigious Rangsit University.
Commenting on the memorandum, founder and CEO for SiGMA Group Eman Pulis said: “Today is a great day for the SiGMA Group’s expansion in Asia with the signing of a MoU with Thailand’s Rangsit University. The institution is regarded as an authority in medical cannabis all across Asia.
“We will benefit from their academic expertise and wealth of contacts in Medical Cannabis.”
The Asia Cannabis Report projects that the continent’s medical cannabis market is likely to be worth well over $5 billion by 2024 if key markets such as Thailand continue their path to long-term expansion with reform and legislative change.
Long-held views in Asia have been shifting over the last few decades as trends indicate a return to traditional Ayurvedic medical practices that once flourished. Countries such as Thailand, Malaysia, India, and South Korea have all recently introduced legalised medical cannabis under government-licensed access and research programs and the result has seen both international and local operators keen to take a share of this valuable market.
There is still much work to be done, local industries will need to protect themselves from a monopolisation of the market, especially in light of the increased acceptance of cannabis across global, Western nations – something that has already been enshrined in Thailand’s new laws. Local markets will also need to ensure open and accessible medical cannabis programs are put into place, enabling fair and transparent business practices – both for home grown business as well as for pioneering foreign companies with their eyes on fresh, new spaces.
Home to over half the global population, Asia is positioned to become one of the world’s most valuable export markets, making it a confirmed destination for medical cannabis producers, researchers and start-ups looking at consumer bases beyond North America.
Bangkok’s Rangsit University (RSU) is a leading private university in Thailand and is fully accredited by the Thai Government’s Commission on Higher Education, Ministry of Education. Renowned for its academic excellence and international teaching standards, RSU has an enrolment of over 28,000 students and offers more 134 degree courses (87 Undergraduate degrees, 36 Master degrees and 11 Doctoral degrees).
The main campus is located in the Lak-Hok sub-district of Pathumthani Province, and is only 30 minutes drive by freeway from downtown Bangkok.
The Medical Cannabiz World Summit will take place on the 4th and 5th of November at The Intercontintal Hotel, St Julians, Malta.