By any metric , these figures are staggering . The United States is the primary driver for these enormous figures , with cannabis legalized for medical use in 36 states . The recent passage of the Medical Marijuana and Cannabidiol Research Expansion Act by the US Senate , which aims to facilitate research on cannabis and its potential health benefits , is another step towards its nationwide acceptance . Other markets across the world are also waking up to the potential medical and economic benefits of cannabis . One of the countries
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The global industrial hemp market is projected to hit USD 18.6 billion by 2027 , growing by almost 22 percent annually .
spearheading this transformation is India .
The History of Cannabis in the Subcontinent Cannabis in India has a long history that is intrinsically tied to its millennia-old ayurvedic tradition . However , the trade and consumption of cannabis was banned under the Narcotic Drugs and Psychotropic Substances ( NDPS ) Act of 1985 . Over the years this law has been repeatedly challenged , and the restrictions imposed by the act have gradually begun to be lifted . The first breakthrough , in 2018 , saw commercial hemp cultivation legalized in Uttarakhand , with Madhya Pradesh following suit a year later . This shifting societal perception finally culminated at the start of this year , with the central government clarifying that the medical and scientific use of cannabis is not banned .
The Role of Hemp Hemp is often mentioned in the context of cannabis , but the connection between the two is frequently misunderstood . Hemp is a variety of the cannabis Sativa
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