While basic information on Kratom is not that hard to find today, questions like ‘Kratom effects on the local economy?’ are yet to be answered by the Kratom experts. No worries, though, as we at Green Leaf Kratom are one step ahead of everyone when it comes to providing customers with authentic Kratom knowledge!
Since Kratom originates in Southeast Asia and is mostly bought in the US, it is the economies of these two regions that Kratom has the most effect upon. But does Kratom hold enough economic value to be of such importance? Is it popular enough for there to be a Kratom effect on the local economy? Keep reading to find out!
The Economic Value of Kratom
The economic value of Kratom is often underestimated as governments don’t understand the potential effects of Kratom on the local economy. They don’t realize that millions of people buy Kratom daily; hence, this botanical herb holds immense economic value!
Since the Kratom leaf contains up to 40 fascinating alkaloids, customers are ready to pay varying prices to obtain Kratom products. However, many governments are missing out on the economic benefits Kratom could have on their economy as Kratom has been declared illegal in some areas. In areas where Kratom is legal, sellers can provide Kratom in different forms such as Kratom powders, Kratom capsules, etc. for reasonable prices that benefit both the customer and the seller. This money can then be taxed and used to build schools, nursing homes, and other public facilities to benefit the locals. Sounds like a win-win situation for everyone!
Is Kratom Popular Enough To Affect The Local Economy?
Some people think that Kratom isn’t popular, so how could there be any Kratom effects on the local economy? Well, if you want to find out about Kratom’s popularity, a simple Google search should suffice.
When you search for ‘Kratom for sale‘ on Google, you will find that there are over 7 million search results available. While a few of these are just sites providing information on Kratom, most of them are Kratom brands offering different Kratom strains for sale. Furthermore, reports have suggested that there are currently 10-15 million regular buyers of Kratom in the US and about 10000 Kratom suppliers. Sound popular enough to you? It does to us.
Kratom Effects on Local Economy
Now that it is established that Kratom affects the economy, the bigger question is, what are the effects of Kratom on the local economy of Southeast Asia and the US? Let’s start by looking at the Southeast Asian economy:
Effects on Southeast Asian Economy:
Kratom has existed in the Southeast Asian regions for centuries, and the farmers in these areas have become experts on growing Kratom. These farmers rely heavily on Kratom, palm oil, rubber, and paper to run their households and grow these crops whenever they can.
Unlike the harvesting methods for other crops, harvesting Kratom does not damage the Southeast Asian environment. This is because the Kratom leaves are hand-picked or cut from the Kratom trees, and the trees are left to grow. The only major expense farmers run into when farming Kratom is the grinding machines, and the profit from Kratom easily exceeds the expense! These farmers own motorized vehicles, good homes, and can easily provide for their families, all thanks to Kratom!
Today, the biggest exporter of Kratom is Indonesia. While Kratom may be banned in Indonesia, the government has allowed farmers to grow and export it. If you look at Indonesian import and export figures, you will see that Kratom holds a strong significance. Their total exports are around $180 billion while the imports have risen to $188 billion. As a result, Indonesia could do with every dollar that helps them decrease this deficit, and Kratom is making a significant contribution.
Effects on the US Economy:
What about the effects of Kratom on the local economy of the US? Currently, Kratom holds a complicated legal status in some areas in the US. However, the US is Kratom’s largest importer globally, and this has significant effects on the economy.
As of 2 years ago, the Kratom trade was estimated to make a revenue of $1 billion in the US! This is because there are currently more than 10000 Kratom providers that have various types of Kratom stocked in their inventory. In the case that Kratom’s legal status gets sorted out, the revenue from Kratom could sky-rocket as many stores, such as Amazon and Walmart, would start providing Kratom. This money could then be taxed and used for the benefit of the US public.
But what about the Kratom effects on the local economy of the US if Kratom gets banned? Well, in simple words, that would mean that the US would have to wave goodbye to that $1 billion revenue Kratom makes. Filling this $1 billion hole would be nearly impossible, so some US states have taken the step of regulating Kratom instead of banning it.
Searching For the Best Place to Buy Your Kratom?
Kratom effects on local economy of Southeast Asia and the US are certainly impressive, but if thousands of vendors exist, where should customers buy Kratom from? Well, first of all, not all these Kratom vendors are providing authentic Kratom for sale.
Since Kratom is not regulated in many regions, customers will find a lot of low-quality or stale Kratom for sale. However, reliable vendors like Green Leaf Kratom make sure buyers are provided with only the best quality Kratom for sale. For this, we source our Kratom directly from the marvelous Southeast Asian region. Furthermore, we offer incredibly economical prices and also provide discount coupons to our valued customers!
Want to learn more about Kratom? Visit our Kratom blog and check out articles such as ‘Is Kratom Legal in California?’