Analysis originally distributed on February 21, 2018 By: Michael Vodicka of Cannabis Stock Trades
Puerto Rico legalized medical cannabis in early 2015.
In the next two years, millions in new capital flowed into the industry, giving birth to a string of greenhouses and dispensaries.
However, Puerto Rico's promising young cannabis industry suffered a major setback in the fall of 2017 when the country was struck by a devastating hurricane, Maria.
Here's a quote from NBC News:
"Big manufacturing and grow facilities have had their roof blown off, there is water in their manufacturing rooms, equipment damaged, no light for plants and most are dead," said Goodwin Aldarondo, the president and CEO of Puerto Rico Legal Marijuana. You're talking about millions of dollars of damage."
Despite the impact of hurricane Maria, one young cannabis company is pushing forward with its expansion plans - in the early stages of building five cannabis dispensaries in Puerto Rico.
If it succeeds, the company is in position to be an early leader in the high-growth medical cannabis industry.
Let's take a closer look. Continue reading "Growing Potential in Puerto Rico"
