A lot of focus on Kratom has been on its benefits to the body and mind. Its abilities to fight pain, relieve anxiety, improve sexual and physical performance, and manage the most chronic diseases are well documented.
However, it would be impossible to have all these benefits without having some economic impact considering that Kratom’s sales have gone through the roof with wholesale Kratom now a viable venture for some businesses.
The truth is, Kratom is oiling economic gears, and it’s doing so in more ways than one in its own little ways.
Creating Viable Businesses
The increased demand for Kratom has led to a boom in businesses looking to meet that demand. The creation of employment and generation of income from Kratom sales is putting food on the table for many families and contributing to the national kitty through taxes.
Using tools like online marketplaces and e-commerce, setting up a credible Kratom business is easy and stress-free. The business has low overheads and a high success rate, given that Kratom is highly sort after.
Healing the Nation through Alternative Medicine
Businesses and the economy lose billions of dollars every year because of sickness and paid sick leave. In most cases, the illnesses are sudden and unavoidable, but in others, the sickness is often a long term condition that keeps flaring.
In addition to losing the company’s money, such sicknesses could make one less appealing for employment, and often cases might lead to termination.
By helping employees safely, naturally and effectively deal with the symptoms of debilitating conditions like cancer, diabetes, and arthritis, Kratom is assisting employees in keeping up with their daily work responsibilities, saving companies from losing money and consequently the economy and helping people keep their jobs and continue providing for their families.
Creating Employment and Revenue
As of 2016, there were over 10,000 Kratom vendors in the United States alone. The annual revenue around that time was about $1 billion. It’s an impressive figure considering that Kratom hadn’t hit its peak then. The figure could be double or triple currently, with even more vendors making Kratom easily accessible.
Most of these vendors have multiple employees in their shops and online marketplaces to cater to the ever-increasing traffic, and the revenue collected from Kratom sales are injected into the development of the product and federal taxes, which are later used to provide essential services.
Even though the contribution of Kratom is not as significant as some of the larger, more established industries like agriculture and mining, it’s a contribution nonetheless.
Kratom is Powering Economy Beyond the Borders
The benefits of Kratom sales extend overseas. Some of the biggest beneficiaries of Kratom sales are countries that grow the indigenous herb. These are Malaysia and Indonesia. Before the Kratom sales, many farmers in these countries were palm oil farmers or fishermen.
Once they learned about the demand of Kratom, the farmers started planting Kratom switching more than 1200 hectares of land to Kratom plantations.
The two countries now produce over 50 tonnes of the Kratom leaves used to make Kratom Powder and Kratom capsules earning over $70,000 annually for some of the smallest villages in these Asian countries.
Worldwide, the share of kratom exports has increased to billions of dollars. Even though it’s still a small market share, it’s an alternative source of income that is creating livelihoods for families that couldn’t support themselves back at home and overseas.
A Healthy Environment for a Healthy Economy
One of the unsung ways that Kratom is driving the economy is by fostering a healthy environment. Countries that are known to produce Kratom substantially, formerly (some still do) planted palm oil trees.
The trees required enormous chunks of forests to be cleared for the sake of planting the trees. Considering that Asia hosts 15% of the global rainforests, the continued destruction of the forests would have catastrophic effects on the environment and the economy.
Kratom doesn’t require clearing of land to plant. The herb grows naturally among the dense trees and has been part of the rainforests for centuries. The Kratom boom could save the forests in Asia and the world at large some major monetary losses while providing income and substantial physical and health benefits.
The simple answer is yes. Kratom does wonders for the economy and much more. These benefits are not only limited to the economy. The ability to stay productive for your family and country is an immense source of pride. It goes a long way in improving your self-worth, and even though you might be dealing with some chronic illnesses, staying productive helps keep you positive, knowing that you matter.