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Place the white rice, walnut halves, and ground cinnamon in a food processor or blender. Pulse the food processor until the walnuts have broken into small pieces and the rice has broken into smaller pieces.
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Pour the ground walnuts and rice into a large pitcher and add the cinnamon stick and enough water to fill the pitcher. Stir well and cover. Let it soak for at least 8 hours or overnight.
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After it’s soaked, strain out the excess liquid and reserve both the liquid and the rice and walnuts separately. Discard the cinnamon stick.
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Pour the rice and walnuts back into a food processor or blender and pour in the milk. Blend it well until it is as smooth as it can get.
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Strain the milk through a fine sieve into the left over rice milk from the first straining and discard any rice or walnut bits that are left.
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Add the vanilla and sugar to the rice milk and stir well to combine.
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Pour the Horchata into glasses and sprinkle each with a pinch of cinnamon and cocoa and add a mint leaf to each. Serve immediately or refrigerate until ready to use.