Wondering if Kratom benefits the local economy or if it’s all just a hoax? If you look at countries where Kratom is provided legally, you will see just how much of an effect Kratom has had on these economies.
Today, Kratom is easily one of the major sources of earning for countless store owners in the US. Since more and more people want to buy Kratom, the number of stores that provide it have also increased. So, does this scenario mean that Kratom benefits the local economy of the US? Let’s investigate!
Before we discuss whether Kratom has benefited the local economy or not, it’s important to learn a little about Kratom’s origin and its popularity. The Kratom herb is obtained from the famous Mitragyna speciosa trees that grow in Southeast Asian regions such as Indonesia, Malaysia, Thailand, etc.
On these trees grow the Kratom leaves, and it is in these leaves that we find the mysterious alkaloids that are responsible for giving Kratom its fascinating properties. The two most important alkaloids are known as mitragynine and 7-hydroxymitragynine, and these vary in percentages according to the different Kratom strains and Kratom colors.
Kratom in the US
Just how popular is Kratom in the US? You’d be surprised to know that there are currently more than five million regular buyers and thousands of Kratom providers in the US!
While Kratom has existed in Southeast Asian regions for centuries, it has just recently graced the Western world with its presence. Over the past 15 to 20 years, Kratom products such as Kratom powders and Kratom capsules have grown in popularity, and today the US is easily the largest importer of Kratom worldwide! This has left many admirers of Kratom in the US to wonder if Kratom has any benefits for the local economy. Let’s find out.
Does Kratom Benefit The US Economy?
Thousands of families in the US rely on income obtained from providing Kratom products. This makes Kratom a significant part of the US economy. A few years ago, the estimated value of the Kratom industry in the US was deemed to have crossed $1 billion.
This value has surely grown since then as the number of Kratom buyers and providers has increased since the DEA and FDA decided to re-investigate Kratom before deciding on its legality. As a result of this, the employment rate in the US improved drastically as many people found jobs in Kratom stores or started working for brands providing Kratom online.
Since Kratom is largely legal all over the US, the government can even tax it and get significant income from the billion-dollar Kratom industry. This money can be used in several ways to help the public. Surely, Kratom benefits the local economy of the US a lot, and banning Kratom will result in a loss of billions of dollars. Furthermore, tens of thousands of people will be put out of jobs in such a scenario. Keeping these things in mind, the US decided not to ban Kratom completely. However, it is banned in a few states such as Alabama, Arkansas, Wisconsin, etc.
What Other Economies Does Kratom Benefit?
Apart from the US, Kratom has benefited the local economy of many other countries as well. Let’s discuss two other economies where Kratom has had a significant impact in the recent past:
Southeast Asian Economies:
This shouldn’t come as a surprise to most Kratom buyers as all authentic Kratom is sourced directly from the Southeast Asian regions. This puts Kratom among the leading exports in Southeast Asia, and governments over there help farmers provide Kratom for sale all over the world.
The reason for this is that Southeast Asian economies have realized that Kratom holds economic value and can be utilized to improve the situation of their economies. So, these governments even provide incentives to farmers to encourage them to grow more Kratom trees. The money obtained from selling Kratom helps countries like Indonesia to improve their balance of trade (imports minus exports), which is currently negative. In short, Southeast Asian economies know for sure that Kratom benefits the local economy, and they could certainly use these economic advantages that Kratom provides!
The Canadian Economy:
One country that has jumped on the Kratom bandwagon recently is Canada. The prime reason Canada refused to ban Kratom is that Kratom has benefited the local economy of Canada greatly! Reports have suggested that Canada could even be the second-largest importer of Kratom today.
But how is Kratom benefiting the local economy of Canada? Well, simply because Kratom creates countless job opportunities and helps people earn an honest day’s living. If Kratom were to be regulated and taxed by the Canadian government, the money could be used to build facilities for the public. Not only that, but customers would be provided with better quality Kratom!
Green Leaf Kratom: Best Place to Buy Your Kratom!
As Kratom continues to fight a battle to become 100% legal, people worldwide must know about the possible Kratom benefits to the local economy. Now that you know about them, it would only make sense for you also to know the best place to buy your Kratom from!
Many reliable vendors may exist, but not all of them have earned the title of the Kratom king! That’s right. Green Leaf Kratom is the favorite of many Kratom admirers as we provide pure and organic Kratom that is sourced from Southeast Asia. Not only that, but we also offer incredibly economical prices and even provide discount coupons to our customers.
If you’re interested in gathering more information on Kratom, make sure to visit our Kratom blog.