Puerto Rico Invests in Cannabis, Celebrities and Crypto

Puerto Rico Invests in Cannabis, Celebrities and Crypto

Hurricane Maria has had a devastating impact on Puerto Rico. Although the one-year anniversary of the hurricane is on September 20th, the island has yet to recover with full power.

One-third of the homes were damaged and 3,000 were killed in the massive storm.

But Puerto Rico's economy was already struggling prior to the hurricane.

"Puerto Rico’s gross national product contracted about 7 percent in the 12 months ended June 30," writes "Bloomberg." "The government’s free-spending ways and easy access to Wall Street money collided with the economic downturn, triggering a $74 billion bankruptcy."

In the 1990s and early 2000s, Puerto Rico was a hub for pharmaceutical companies due to an enticing federal tax provision. But when it phaseout in 2006, most of the companies left.

To help the U.S. territory bounce back, Governor Ricardo Rosselló sees potential in blockchain technology. He has formed the blockchain advisory council to help foster this type of business.

Besides financial technology, Rosselló is investing government resources also into the medical marijuana industry, along with the movie business.

The Island's craft brewing scene is also heating up. It has been the first region to adopt the Independent Craft Brewer Seal with 100 percent acceptance.

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Chef José Andrés Rises As the 2018 James Beard Humanitarian Honoree

Chef José Andrés Rises As the 2018 James Beard Humanitarian Honoree

James Beard Award-winning Chef, Restaurateur, and Philanthropist José Andrés has been named the recipient of the 2018 James Beard Humanitarian Award.

You may remember hearing about Andrés recently when the celebrity chef turned activist opted to Tweet a selfie expressing he was allegedly not allowed to enter an event in Washington D.C., at the restaurant owner’s and Ivanka Trump’s request. When the first daughter personally replied back to Andrés clarifying that she had nothing to do with the misunderstanding, the chef took the opportunity to bring up a political issue close to him—immigration.

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Chef José Andrés' Relief Operation In Puerto Rico Shuts Down

Chef José Andrés' Relief Operation In Puerto Rico Shuts Down

After a long month of hard work, Chef José Andrés is finally winding down his Hurricane Maria relief efforts in Puerto Rico.

Today, the cooking operation working out of San Juan’s Coliseo de Puerto Rico— organized by the Spanish-American chef’s nonprofit, World Central Kitchens— is shutting down, as reported by the “New York Times.”

A team of almost 500 volunteers would prepare as much as 30,000 ham and cheese sandwiches per day in makeshift kitchens at the island’s largest stadium, which served as the latest headquarters of the relief efforts.

Volunteers would also cook on giant paella pans every morning to serve hungry Puerto Ricans full plates of rice and sausage. The team effort included local pastors, cooking students, food-truck drivers, and some of Chef Andrés’ own chef staff that was flown down to help with the cooking operations.

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