ANCHORAGE (KTUU) - Tax dollars from Alaska’s new marijuana industry have finally begun flowing into state coffers, with the first cash payments from pot businesses being made in Anchorage this week.

ANCHORAGE (KTUU) - Tax dollars from Alaska’s new marijuana industry have finally begun flowing into state coffers, with the first cash payments from pot businesses being made in Anchorage this week.

Marijuana is legal to buy in several states, but no law says that selling it will be free from cumbersome expense and paperwork, especially when it comes to taxation.

As more and more states legalize marijuana for medical and recreational use, federal state and local governments are in for a tax bonanza, according to a new pair of reports from the nonprofit Tax Foundation.

Bruce Kennedy ~ WeedWorthy ~

Experts say legal cannabis companies have to keep meticulous records if they don’t want to run afoul of federal, state and community tax officials.

Washington (AFP) - Legal marijuana is becoming more and more entrenched in the United States each year, and 2016 looks to be no exception.