Medicinal plants are globally valuable sources of herbal products, and they are vanishing at a high speed. This research paper reviews the conservation and Management of Medicinal Plants in Jammu and Kashmir. The major laws of Jammu and Kashmir that have been used for the conservation and sustainable use of biological biodiversity including medicinal plants are the Jammu and Kashmir Kuth Act, 1921 (the Act was repealed in 2002), The Game Preservation Act, 1942, the Jammu and Kashmir Forest (Conservation) Act, 1997, the Jammu and Kashmir Forest (Protection) Force Act, 2001, the Jammu and Kashmir Wildlife (Protection) Act, 1978, and the rules and notifications made under these Acts. In spite of all these laws, rules and regulations the excessive extraction of medicinal plants and destruction of their natural habitats continues in the state resulting in a number of precious medicinal plants falling under the threatened category. Most of the herbs and medicinal plants grow in the wild as natural component of vegetation. But this traditional base is shrinking due to informal supply chain, over exploitation, population pressure, unsustainable practices, and biodegradation.