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

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.