Puerto Rico

Several companies could be affected by a widespread power outage Tuesday in Puerto Rico. What Happened: Only around 12% of Puerto Rico’s residents currently have electricity, according to Luma Energy, the power company servicing the island. In a post on X, Luma Energy said the outage began at...

Article via El Planteo "Stigma was never an excuse," says Noemí Pérez, founder of GreenBook Academy and president of Puerto Rico MedCann.Biz, on her mission to bring medicinal cannabis education to every corner of Puerto Rico. Since the program’s inception in 2015, Pérez has worked to shift...

Article via El Planteo "Puerto Rico is a paradise for a cannabis entrepreneur," says Jaime Rengifo, CEO of Prich Biotech, often regarded as the largest cannabis company in Latin America. Since his arrival on the island, Rengifo has closely observed how this relatively small region has become a...

Sports betting and iGaming company DraftKings Inc (NASDAQ:DKNG) reported third-quarter financial results after market close Thursday. Here are the key highlights. What Happened: DraftKings reported third-quarter revenue of $1.095 billion, up 39% year-over-year. The revenue total missed a Street...

Editor’s Note: The headline of this story has been updated to correct a spelling error. El Nuevo Día, Puerto Rico’s largest newspaper, has endorsed Kamala Harris for the presidency. This endorsement comes amidst a recent controversy involving derogatory remarks about Puerto Rico made at...

By Lucía Tedesco via El Planteo, adapted for Benzinga Puerto Rican athlete Coraly Ortiz was recently hit with a two-year suspension after her tests came back positive for cannabis. However, she claims there were irregularities in the process. The test results showed that her body contained...

In the ever-shifting landscape of Puerto Rican politics, few issues have sparked as intense a debate as that surrounding cannabis. The recent vote in the House of Representatives on House Bill 209, aimed at preventing first-time minor marijuana possession convictions from appearing on criminal...

Drifting just an hour from the vibrant arteries of San Juan, Puerto Rico's capital, past a mosaic of color-doused houses and palm-enshrouded highways, a hidden gem emerges on the island's eastern seaboard. Here, where the rhythm of Latino and Caribbean tales intertwine with the allure of...

By Javier Hasse via El Planteo. Renowned urban singer Arcángel has not only conquered the world of music, but he has also started down a path in the promotion of medical cannabis. Far from seeking to increase his fame, his entry into this industry aims to change society's perception of...

Avraham Eisenberg, a crypto trader, was arrested on Monday in Puerto Rico for using his "highly profitable trading strategy" to siphon off digital assets worth $110 million from the decentralized finance (DeFi) trading platform Mango Markets.  What Happened: Eisenberg has been...

After President Biden called on the nation's governors to pardon state-level marijuana possession convictions, a Senator in Puerto Rico filed a bill to remove penalties for low-level cannabis possession in the U.S. territory. Independent Senator José “Chaco” Vargas Vidot...

Viande Foods, a popular maker of packaged soups and pizzas in Puerto Rico, has partnered up with Pow Cannabis to bring CBD-infused, locally-inspired instant soups to the island. The line launched with two flavors: Veggie Soup: based on the traditional Puerto Rican sancocho, with 25 milligrams...

Tropical Storm Karen – the sixth named storm in the Atlantic basin this September – is spinning over the Caribbean Sea, likely arriving in Puerto Rico as well as the U.S. and British Virgin Islands on Sept. 24. Karen will bring the potential for heavy rainfall and some gusty winds. SONAR...

A request by the Governor of Puerto Rico to allow foreign-flagged vessels to ship liquefied natural gas (LNG) from the United States is getting push-back on Capitol Hill. The Puerto Rican economy was devastated by Hurricane Maria in 2017, and the U.S. territory faces long-term energy needs to help...

First Bancorp (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, is a buy ahead of an economic "jolt" — as the island's decade-long recession could be coming to an end, according to Bank of America Merrill Lynch.  The Analyst Analyst Ebrahim Poonawala upgraded...