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Information relating to the Kratom industry including news updates, articles, legal and so on.

TOPIC: Kratom Industry market research

Kratom Industry market research 2 years 2 months ago #4818

  • Toni Jennings
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My name is Toni. I'm wanting to open up a shop in my town selling kratom and I'm currently working on a business plan. I'm trying to find information on the kratom industry with information on the growth trends, and any regulations that might apply to selling it. I need as much specific information on the specific industry of kratom sales as I can get. However, when I type those things into the browser all I get is information about kratom or peoples opinions. Does anyone know any web sites I can go to for this market research? Any suggestions would be greatly appreciated.
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Kratom Industry market research 2 years 2 months ago #4824

  • kemppaulh
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Go to FDA.gov and get it from the horses mouth. I don't have a specific link to give you. Maybe another vendor here might help you navigate the treacherous waters of FDA regulations.
Doing it right is expensive. Trying to do it outside their regulatory framework can be very expensive if you get caught, with fines in the hundreds of thousand dollars I've heard from experienced vendors who have done their research. (And are still left scratching their heads, at some of the puzzling and inconsistent actions the FDA takes toward them!)
You practically need an FDA-expert attorney to consult on doing it right.
Thanks for asking, it's a good question to ask BEFORE you enter the business!
;)
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Kratom Industry market research 2 years 2 months ago #4828

  • ILOVEK2
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That sounds like a Pest Control Business contract I need years ago.. like $10,000 to get it worded the right way to save my azz and everything I'd ever own. They can sue you for money you don't have for like 10 years into your future. Be careful.. Or sell it on craig's list and the like Make less money keeping people Pain free & happy. Or buy Stock in these already made businesses that sell Kratom and the Like products it is catching on more and more ever year.
Last Edit: 2 years 2 months ago by ILOVEK2.
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Kratom Industry market research 2 years 2 months ago #4843

  • lerellen
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No disrespect, Mr.ilovek2, but your avatar is startling to see on a kratom forum. Not in a good way!
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