Psychedelics and Global Wellness Industries and Change in Associated Strategies in International Business
Kavita Sharma, Tarun Kumar Makhija
International Journal of All Research Education & Scientific Methods 2024 DOI: 10.56025/ijaresm.2024.1204243732 (opens in new tab)
Study at a glance
AI-extracted from the abstract| Characteristics | Theoretical or philosophical paper Peer reviewed |
|---|---|
| Keywords | Paradigm shift Product mathematics Marketing Public relations |
| Citations | 1 |
| Key points | Argues that the integration of psychedelics into the wellness sector is reshaping business strategies and holds potential benefits. |
Abstract
This paper delves into the relationship between the burgeoning psychedelics industry and the broader global wellness sector. As psychedelics gain traction in therapeutic contexts, there has been a notable shift in international business strategies. The evolving legal, cultural, and commercial landscape around psychedelics has necessitated this shift, challenging the norms of both the wellness and pharmaceutical industries. These substances, once marginalized, are now at the forefront of holistic health conversations, prompting businesses to rethink product development, marketing, and global distribution efforts. This transformation promises potential economic, therapeutic, and societal benefits.
Citations in the library
Cites 16
- Single-dose psilocybin-assisted therapy in major depressive disorder: A placebo-controlled, double-blind, randomised clinical trial. EClinicalMedicine February 1, 2023
- Psychedelics: Where we are now, why we got here, what we must do Neuropharmacology February 21, 2018
- Ethical and legal issues in psychedelic harm reduction and integration therapy Harm Reduction Journal April 11, 2021
- Ethical principles of traditional Indigenous medicine to guide western psychedelic research and practice. Lancet Regional Health. Americas February 1, 2023
- Psilocybin-assisted therapy for depression: A systematic review and meta-analysis. Psychiatry Research November 1, 2023
and 11 more in the library