Cannabis in Puerto Rico: Exploring the Benefits and Opportunities
Cannabis in Puerto Rico: Exploring the Benefits and Opportunities
In this podcast episode, we dive into the world of Puerto Rico’s Act 60 and how it provides unique opportunities for hemp and cannabis companies.
Our guest expert explains the benefits of the act, including tax incentives and exemptions, access to new markets, and favorable regulations.
We also explore the advantages of operating a cannabis business in Puerto Rico, including the island’s strategic location, skilled workforce, and supportive government.
Whether you’re a seasoned entrepreneur or just starting out in the industry, this episode is a must-listen for anyone interested in the growing cannabis market in Puerto Rico.
The Green Rush is a cannabis business talk show produced by Pro Cannabis Media discussing news issues in the cannabis market and each week conducts a deeper dive into specific topics of the industry.
This week we talk about Puerto Rico
Guests:
Joe LaChance, Cannabis Consultant/Broadcaster
https://www.linkedin.com/in/joelachance/
Lou Vega, Chief Executive Officer at Nautilus Botanicals
https://www.linkedin.com/in/luis-vega-77061938/
Hosts:
*Jimmy Young, founder PCM
https://www.linkedin.com/in/jimmy-young
*Doug Miller, Dougie Fresh Pick$
https://www.linkedin.com/in/dougiefreshpicks
*Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1156 The #TalkingHedge…
Your Favorite Business Podcast.
Covering business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats
Keywords:
News, Business, Pitch Deck, Investment Deck, Investing, Stocks, RoboAdvisor, Day Trading, Money, stock markket, crypto, futures, options, equities,
This is only entertainment. This is NOT financial advice.
Stay out and leave cannabis bizz entrepreneurship to Borikens that have are actual residents and need economical advancement. Don’t be THAT guy
Another great episode 👏 Puerto Rico has so much untapped potential. Who is governing the medical cannabis side of things? I’d love to read how they’re keeping MSO’s from operating on the Island.
Promo SM
I don’t recommend people move to Puerto Rico for the Act60 tax incentives. They are most likely going to be taken down soon, most Puerto Ricans hate it because its causing gentrification to the island and the US government hates it being its losing the US millions in tax dollars. Also the rules to follow for Act60 are very strict and one slip up can get them revoked and if you use it as a loophole to not actually live on the island you can get arrested, the IRS is keeping a close eye on people who try to take advantage of this. Really these tax incentives are for people who are multi millionaires and billionaires. The only reason Act60 is still up is because the corrupt governor of Puerto Rico Pedro Pierluisi is using it as leverage to pressure congress to make the island a state, and he’s open about this plan, a while back the Puerto Rican legislator voted on a bill to get rid of Act60, but he vetoed it. All in all don’t move to Puerto Rico unless you really care for the island or have some connection to the island like family, do not go just for low taxes.
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O .fooingg home to soome land, i have grown small size likee 2 plants at once successfully, but would love to be a larger farmer. I will be be on the island in around 2 months time. Can i meet with you or any affilite for consulting?
Remember "Finca Doña Mercedes" in Luquillo PR 👏🎩🌴🇵🇷 we coming! Bless alll!!!
Awesome video
Very good information 👌
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