Puerto Rico lays the groundwork for globally inclusive cannabis industry


SAN JUAN, Puerto Rico – On June 28 & 29, 2016, Puerto Rico will host its first official international cannabis conference, becoming only the fourth country in Latin America to enter into the cannabis trade. The $3 billion per year medical cannabis industry in the United States could provide the economic stimulus and job growth that Puerto Rico’s citizens are looking for in 2016 and beyond.

“It’s the first time that an event with this scope offered by the Puerto Rico MedCann.Biz is celebrated in the Island. The conference participants will gain valuable information on many aspects of the medical cannabis industry such as global practices, opportunities for real estate, technology, research, laws and regulations of medical marijuana, among other issues,” said Ingrid Schmidt, senior consultant for Medcannbiz consulting firm, also hosting the event.

Schmidt added that the conference is aimed at investors, entrepreneurs and other professionals interested in entering the new medical cannabis industry and health professionals who wish to learn more about the medicinal properties and benefits of cannabis-based treatments. MedCann.Biz organizers expect a large attendance of people from Puerto Rico, other U.S. jurisdictions and the Caribbean region.

Puerto Rico Tourism Company (PRTC) Executive Director Ingrid I. Rivera Rocafort noted that the conference will continue the efforts to promote medical tourism for the territory, “With this conference we seek to be at the forefront of this industry and gain valuable information on how medical cannabis can help those in Puerto Rico and other areas. This conference will give investors and medical professionals the resources needed to make us a leader in the medical tourism industry.”

With Cultivation licenses being filed as of Feb. 6, 2016, Puerto Rico is now added to the list of the 25 states plus D.C. to join this highly profitable industry. Puerto Rico also becomes the second location in the United States to integrate medical tourism allowing patients from other jurisdictions to show their medical cards in order to purchase and consume their medicine. Medical tourism is a global phenomenon in which patients travel out of their immediate area for lower cost and access to medicine unavailable in their country or state through regulation. This initiative could make Puerto Rico one of the most competitive medical cannabis market in the world.

“Medical Cannabis Tourism should be a game changer for Puerto Rico. According to the Medical Tourism Association, Latin America is already one of the top destinations in the world for medical tourism. When you add in the versatile range of improved applications that cannabis has over pharmaceutical drugs for pain, as an appetite stimulant for patients on chemotherapy, and various neurological conditions from Alzheimer’s disease, Parkinson’s disease, and seizure disorders; Puerto Rico is poised to break out from the pack in medical tourism and medical cannabis,” stated Puerto Rico Medical Tourism Corporation Executive Director Francisco Bonet.