Gov. Brian Sandoval wants a special tax on recreational marijuana sales to boost his budget, but state lawmakers and industry executives are concerned that his proposal might be too high.

The worry, they say, is that if the taxes on recreational sales balloon too much and prices get too high, some Nevadans might forgo the legal market altogether.

Sandoval announced during Tuesday’s State of the State address that his proposed two-year budget calls for a 10 percent special tax on the retail sales of marijuana, which he expects will generate $70 million to go towards public education.

Cannabis consumers could be paying more Colorado marijuana tax come July 1. As with any proposed tax increase, the prospect has been met with some concern amid the news that one of the state's pot taxes would increase 50 percent.

At issue is a proposal floated this week by Colorado Gov. John Hickenlooper that would raise the special sales tax on recreational marijuana products to 12 percent on the date it was scheduled to drop to 8 percent from its current 10 percent.

Unaffected would be the 15 percent excise tax on cultivators, the 2.9 percent standard state sales tax and any local sales taxes.

A study suggests that a chewing gum laced in cannabis can cure irritable bowel syndrome, reducing painful stomach cramps, control bloating and normalise stool.

Researchers from Wageningen University in the Netherlands claims CBD - a key property in marijuana - could ease the colon spasms that seem to be the root cause of symptoms, reports Dailymail.

"We are excited to see that Axim Biotechnologies Inc (AXIM) has reached another milestone in its clinical development program," said Dr. Stuart Titus, CEO of Medical Marijuana, Inc.

"This is the first advancement in cannabinoid research for treatment of IBS in medical history and gives a clear example of how far ahead AXIM is in its clinical development programs," Titus added.

Three years after Uruguay became the first South American country to create a legal market for marijuana, seven out of every ten cannabis consumers still acquire the product on the black market. The delays in the implementation of the legalization law have left the door open for drug trafficking, and it appears that the illegal marijuana trade will remain a lucrative business for at least the near future. 

More than half of US states—28—have legalized medical marijuana. Sixty percent of Americans support legalization, according to an October 2016 Gallup poll—including 42% of Republicans. Some of these cannabis supporters live in conservative states, and some are even in their state’s legislature, supporting marijuana reform measures.

The program that is integrated into the company’s dosing methods is the “the first of its kind for the edibles industry,” according to Americanna’s co-founder, Frank Falconer.

The distillation process takes food grade decarboxylated cannabis oil and removes impurities – ingredients like lipids and decomposing terpenes, Falconer explained.

Tripling the size of the distillation equipment

Falconer said the traditional methods of extracting edibles concentrate by using CO2 or hydrocarbon do not change, because the distillation process happens only after the cannabis oil is decarboxylated and activated for edible consumption.

“CO2 oil and hydrocarbon oil can both be distilled,” he said.

"Some people that smoke with me get lazy. But I’m a mature hustler, an executive boss. I’m rare,” says 2 Chainz. “I’ve always smoked while I’m working. This happens every night, whether the cameras are on or off. This is the lifestyle that people have to accept from me.”

The Denver Department of Environmental Health is investigating whether marijuana and products from Green Man Cannabis were exposed to unsafe pesticides.

Samples of marijuana and marijuana-infused products grown by the Denver-based cultivation company contained residual levels of illegal, off-label pesticides, according to the Colorado Department of Agriculture. Green Man Cannabis is voluntarily recalling the marijuana and products that could be unsafe, the city announced Thursday.

There were no immediate reports of illness.

Whether its eating a gooey, chocolatey brownie or taking a few hits off a freshly rolled joint, it’s common knowledge that a lot of people like to get high. Many investors, however, have yet to “light up.” Some hesitate from adding marijuana stocks to their portfolio on apprehensions that pot companies are involved in scams or that it’s still deemed illegal by the federal government.

Let’s not forget that this market has turned into a staggering money-making potential. Not only is it one of the fastest growing industries in the U.S., but it also received a major boost after the 2016 election, where marijuana was declared legal for recreational and medical purposes in seven additional states.

Saskatoon residents have a new avenue to clear the air about medical marijuana.

Supplying customers with information, classes and access to doctors open to prescribing medical marijuana, National Access Cannabis (NAC) opened its Saskatoon location in early January.

Promoting and educating people about marijuana as medicine, the business — which has locations across Canada — does not house or sell any marijuana, nor does it encourage people to purchase marijuana from illegal storefront dispensaries.

Instead it encourages clients to purchase medicine from one of Health Canada’s 38 licensed producers.