CNN reports that 166 members of the country's National Legislative Assembly voted in favor of the motion to legalize the drugs, while 13 abstained.
The paper said the law also applies to kratom, a South East Asian plant that acts as a stimulant.
The new year could bring a new medical marijuana market in an unlikely place: Southeast Asia.
Thailand's military-led government, which has called for elections in the early 2019, let the world know they will be supporting legislation that legalizes medical usage, once it becomes approved by the nations king, Maha Vajiralongkorn. As with most countries in the region, illicit drug trafficking can be punishable by death. However, producers and researchers will still need a license to handle the drugs while the common people will require prescriptions.
Recreational cannabis is still illegal in Thailand and penalties for its production, distribution, sale, and use remain unchanged. The country will take steps to make sure that medical marijuana is strictly controlled to ensure that it will only be used for medicinal purposes.
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Marijuana was actually widely used in Thailand up to the 1930s as a traditional treatment of pain and fatigue.
However, this law does not apply to recreational use of the drug.
Reuters, however, reported that the controversies surrounding the patent requests made by foreign companies have not died down, citing fears of a monopoly on the Thai pharmaceutical market that will potentially make it more hard for Thai patients to access marijuana-related medicine as well as for Thai researchers to study extracts of marijuana strains.
Thailand's legislature has reportedly agreed to amend the drug law of the country to legalize the use of cannabis and kratom for medicinal purposes.