Could Cannabis Tourism Save Puerto Rico’s Economy?
Puerto Rico is drowning in a sea of debt more than $74 billion deep, and many on the Caribbean island see legal cannabis as a potential lifeline.
The sunny Caribbean island of Puerto Rico is facing some dark financial times: Large companies fled the island for friendlier tax laws, creating a deficit that the resource-rich, industry-poor territory has been unable to fill.
Puerto Ricans — about 45 percent of whom live at or below the poverty line — are following suit: The island’s population has fallen by 400,000 people, to 3.4 million, in no small part because unemployment here (12 percent) is almost triple what it is back in the full-fledged USA (4.3 percent).
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