News Americas, NEW YORK, NY, Fri. Aug. 19, 2022: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America for today, August 19, 2022 in less than 60 seconds:
A new celebrity store is about to open in the New York area, and this time, it’s cannabis on the menu. Ice-T, famous rapper, Law & Order star, and entrepreneur, was just awarded a cannabis license by the State of New Jersey, and is set to open his own cannabis shop later this fall.
NBA star Draymond Green reportedly got married last weekend and apparently spared no expense on the open cannabis bar. Green’s weekend wedding which included, LeBron James having fun on the dance floor,and a massive weed bar loaded with dozens of pre-rolled blunts.
Kenya’s wildcard presidential hopeful, George Wajackoyah, got 61,969 of the votes to come third in a controversial election that was won by the former sitting Deputy President William Ruto.
New York City Mayor Adams offered full-throated support Thursday for the NYPD’s seizure of 19 marijuana-selling trucks, seemingly walking back a previous pledge to not be “heavy-handed” against illicit pot peddlers while waiting on the state to roll out the legal recreational sales system. The cops cleared out the brightly-colored trucks Wednesday from the Times Square area where they’ve been slinging ganja-laced products for months without proper permits.
Thailand’s health minister on Wednesday discouraged tourists from visiting the country only to smoke weed, just two months after new laws were passed that have largely decriminalized the drug. “We don’t welcome those kinds of tourists,” Anutin Charnvirakul told reporters when asked about recreational marijuana use among foreign visitors.
Activists in Germany are protesting for the legalisation of marijuana march. So far owning, cultivating and selling cannabis in Germany is still illegal, though the current coalition government campaigned on cannabis legalisation and is scheduled to begin debating corresponding legislation in coming months.
According to ResearchMarkets.com, the North America, Europe, and Asia Pacific legal cannabis market size is expected to reach USD 89.9 billion by 2030 and is expected to expand at a CAGR of 25.3% from 2022 to 2030.
A former executive of several marijuana businesses in California has been ousted and ordered by a judge to pay $2.4 million in fines for unlicensed cultivation. According to Salinas TV station KION, now-former CEO Paul King of Monterey County-based California New Wave – a licensed distributor and cultivator – has been found liable for penalties levied against two other marijuana companies he ran in 2018 and 2019.
And Three marijuana stocks to Watch This Week are Village Farms International, Inc. (NASDAQ:VFF), MariMed Inc. (OTC:MRMD)and Trulieve Cannabis Corp. (OTC:TCNNF).