phr
Bluelighter
I highly doubt that the pharm industry has seen any decline in revenue due to Kratom.Kratom is causing a decline in profits to the Pharmaceutical companies. People are quitting their addictive prescription pills and switching over to harmless Kratom. They needed the DEA to shut it down asap before kratom gains more popularity.
However, they're in an industry that thinks ahead. Even run of the mill drugs take years to get to the market. Before their current drug hits the market they already have a roadmap for the next one after patent expiration. So the whole mindset of the industry is long term.
There was plenty of mention about kratom being used medicinally, and yes, they knew about that and I think it's naive to think that they didn't at least have some influence in the emergency scheduling. Just read the original press release, which mentions people using it for pain and to come off opiates as a reason for this...