Comparing the Feasibility and Influencing Factors of Marijuana and Hemp Markets in the USA and India

Author(s)	Smera Mittal
Country	India
Abstract	This research paper examines the feasibility and development of marijuana and hemp markets in the USA and India, two countries with contrasting legal frameworks and socio-cultural contexts. While the USA's cannabis market thrives on progressive state policies and individualist cultural values, India's approach is characterised by stricter national regulations and evolving societal perceptions. The study highlights the distinct purposes of marijuana (medical and recreational) and hemp (industrial) and explores how differences in legal status, cultural factors like individualism versus collectivism, and market demand shape the cannabis industries in both nations. The findings reveal that while the USA benefits from economic opportunities such as tax revenue and employment, India's emerging hemp industry signals potential for growth. The paper underscores the importance of balanced policies that promote cannabis-derived products' advantages while mitigating risks.
Keywords	cannabis market, marijuana, hemp, laws, society, culture, USA, India
Field	Business Administration
Published In	Volume 7, Issue 3, May-June 2025
Published On	2025-05-07
DOI	https://doi.org/10.36948/ijfmr.2025.v07i03.43327
Short DOI	https://doi.org/g9hsbq

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International Journal For Multidisciplinary Research