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Asia's medicinal cannabis market could be worth over $US5.8 billion by 2024, report says

The Asian medical cannabis market could be worth an estimated US$5.8 billion by 2024, Prohibition Partners, a market intelligence and strategic consultancy firm, has found in its latest report. According to analysis, which was released this Thursday, if legislation is introduced in a number of the continent’s major markets, this estimate could quadruple by 2027.


South Korea moves to legalize medical marijuana

South Korea has earned the distinction of becoming the first East Asian country to legalize marijuana for medical purposes.

South Korea’s National Assembly voted to amend the Act on the Management of Narcotic Drugs to allow non-hallucinogenic dosages of medical cannabis, Marijuana Business Daily reports.

The updated law comes months after the country’s Ministry of Food and Drug Safety said it would allow cannabis-based drugs such as Epidiolex, Marinol, Cesamet and Sativex for conditions such as epilepsy, symptoms of HIV/AIDS, and cancer-related treatments.


South Korea vows to arrest citizens who smoke cannabis in Canada

'Weed smokers will be punished according to the Korean law,' senior police officer says South Korean residents who smoke cannabis in Canada will be “punished” on their return home, the country's authorities have warned.


Korea lobby group founded to push for cannabis legalization

A new organization in Korea is hoping to influence lawmakers to legalize medical cannabis.

A lobbying organization was recently formed in South Korea to push for the legalization of medical cannabis.

Known as The Organization of Legalizing Medical Cannabis in Korea, this lobbying and cannabis advocacy group intend to persuade the government to adopt medical cannabis as a legally recognized medicine.

The group’s first general meeting in Seoul was attended by important Korean medical industry figures and ordinary citizens alike, with everyone eager to make their voices heard.


Medicinal cannabis coming to South Korea

Churning out more than 14,000 tons of hemp annually, South Korea is one of the top five producers of the fiber in the world alongside the Netherlands, Chile, France, and China. But when it comes to cannabis containing THC, the cultivation and use of marijuana for recreational or medicinal purposes are illegal there.

But as growing numbers of countries around the globe are beginning to accept and reintroduce cannabis use into their societies as a normal practice, as it used to be in many, South Korea is joining those nations and taking the first steps into the world of legalized cannabis medicine.


South Korea: Marijuana taboo in the “Drug-Free” nation

T.O.P, a member of a K-pop boy group Big Bang, has been lighting up local headlines for… well, lighting up. He is being charged by South Korean prosecutors for smoking marijuana. Many people want him punished for this “indecent” behavior — according to South Korean law, he could face up to five years in prison or pay a 50 million won (44,500 U.S. dollar) fine.

News of T.O.P.’s subsequent hospitalzation after overdosing on prescription tranquilizers didn’t win him much public sympathy. While lying in a state of severe lethargy in an intensive care unit, he was dishonorably discharged from the conscript police force.


Australian Company Pushes the Horizons of Hemp

A Bangalow-based company which is now the largest exporter of hemp foods in the southern hemisphere is wondering when its products will finally be recognised as food in Australia.

Hemp Foods Australia chief executive Paul Benhaim recently met with the First Lady of Japan Akie Abe at a hemp forum in Kyoto and discovered that she was a great supporter of the industry.

However, while Japan is importing huge amounts of hemp from Hemp Foods Australia, the products are still not recognised as food in Australias due to legislation against the consumption of hemp.


Hemp Industry Scrambling to Meet New Korean Demand

Regulatory hurdles seen hindering expansion of acres.

An explosion in demand for Canadian hemp out of South Korea is welcome news for the industry, but strict regulations may hamper just how much of that demand will be met this year.

“The doors have blown off the market in Korea for hemp,” said Kim Shukla, executive director of the Canadian Hemp Trade Alliance at Steinbach, Man.

Six months ago, South Korea was unknown as a market for Canadian hemp; now, “that market requirement is outstripping the requirements for the U.S.,” said Shukla. A promotion on a home shopping channel in South Korea led to sales of 40,000 pounds of hempseed in one hour, according to reports.


Korean Man Arrested for Massive Marijuana Grow Op

SEOUL, Jun. 25 (Korea Bizwire) – Korean police have uncovered the largest indoor cultivation of cannabis in Korea.

Namdaemun District Police arrested a man in his thirties for growing 46 cannabis plants in his 109 ㎡ apartment space in Yongin, and confiscated the plants as well as 135 grams of end-products, worth a total of 2 billion won (US$ 1.8 million) on the black market.

It is reported that 46 plants can make end-products that can serve up to 92,000 individuals.

The police said that the unveiling of the man’s indoor farm shows that transactions involving cannabis in Korea turned out to be quite large in scale, in stark contrast to Korea’s reputation as a relatively drug-free country.


Virtual reality may help alcoholics beat cravings

WEDNESDAY, June 24, 2015 (HealthDay News) -- Virtual reality therapy may help alcoholics battle their addiction, a small study from South Korea suggests.

Researchers recruited 12 people being treated for alcoholism for the study. The volunteers went through a week-long detoxification program and then did two sessions of virtual reality therapy a week for five weeks.

The patients were presented with three virtual scenes: a relaxing environment; a high-risk setting in a restaurant where other people were drinking; and an aversion situation that featured the sights, sounds and smells of people getting sick from drinking too much.


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