Kratom is a herb that grows in excess in Southeast Asian rainforests. Also known as Mitragyna Speciosa, trees of this herb are very common in countries such as Malaysia, Thailand, Indonesia, Vietnam, Myanmar, and the entire region of Borneo Islands. While kratom stores have unlocked employment opportunities for many people in the US, you might wonder, ‘what does kratom do to local economy in Southeast Asia?’
While the modern world has discovered Kratom’s properties not too long ago, this botanical herb has been popular in native Southeast Asian countries for hundreds of years. Though, kratom capsules and extracts are a new invention. While in the past, Southeast Asian natives sold kratom in the form of plain leaves.
What Does Kratom Do to Local Economy?
Kratom trade is quite profitable for many countries. In specific, it has made a huge impact on the villages in Indonesia and Malaysia. Based on reports, farmers who previously could not afford high-end facilities are now able to afford motor vehicles for transport. Indeed, native farmers are making a fortune from the kratom trade.
Hence, in a way, kratom is benefiting the local economy of Southeast Asian countries a lot. In specific, entire villages in countries like Indonesia are transforming.
Previously, when the kratom trade was just in its initial stages, farmers made kratom with manual labor. However, today, farmers have installed advanced machines that allow them to make high-end kratom for sale.
But since Kratom is not legal for local sale and purchase in Indonesia, almost all of it goes to the US. From among these kratom products, the best quality stock comes to our store ‘Green Leaf Kratom’. This includes a big range of kratom strains and two primary types of kratom products that are capsules and powder.
As a result of this kratom trade, the exports of the native countries in Southeast Asia have grown a lot. Due to this very reason, kratom is legal for export in Indonesia whereas local sale/purchase is not legal there.
Kratom Effects on the US Economy
Well, you may ask that other than the native Southeast Asian countries, ‘what does kratom do to the US economy?’ It is worth stating that the kratom effects on local economy in the US are also quite notable.
Within the last ten years, thousands of new kratom stores have popped up in the US. Of course, these vendors only do their business in those states where kratom is legal. More than five million people buy kratom from these stores from time to time. Hence, the sale and purchase of kratom in the US are quite high!
This brings revenue of more than $1 billion in the US. Furthermore, these stores also hire workers either remotely or on-place. For instance, local stores may require salesmen and customer service representatives to work on-place. Furthermore, many high-end stores also give jobs to lab workers to run tests on every new kratom batch for purity and quality.
In the same way, online kratom stores also hire many local web and app developers remotely. So, the kratom industry in the US is hiring people with many different skills and professions. This has opened up thousands of new jobs.
Hence, the kratom business has provided a livelihood to many people in the US.
The Future of Kratom Trade
The number of kratom buyers is considerably increasing with every passing day. Most kratom enthusiasts these days do not want to run out of stock. Hence, they often buy kratom bulk from high-end stores such as ‘Green Leaf Kratom’.
The increasing number of buyers means that in the future, the revenue generated by the Kratom business will be higher. Not only that, but more kratom stores will spring out in 2021 to meet with the high demand.
This also means that the farms in Southeast Asia will have to produce a larger amount of Kratom. Hence, the farming of Kratom is also expected to rise. This profitable trade may also help in reducing the cutting of trees in countries such as Vietnam. After all, kratom grows the best in a natural forest environment. So, the environment may also benefit from it.
Furthermore, in the US, NGOs such as the American Kratom Association are making all-out efforts to spread more awareness about this natural herb. We, at Green Leaf Kratom, have taken it upon ourselves to spread the most authentic and reliable kratom news and articles for you. Check it up on our kratom blog section.
Concluding, over the past few years, there is increased awareness and understanding of this all-natural herb and what does Kratom do. The future looks promising because of increased awareness in the masses. Both in the US and around the world!