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Treasurer still working on solution to medical marijuana banking crisis

CHARLESTON — State Treasurer John Perdue plans to join forces with treasurers in at least 10 other states to ask Congress to change federal laws surrounding medical marijuana.

The move is part of Perdue’s plan to try to solve banking problems that are holding up implementation of West Virginia’s fledgling medical marijuana program.

“I support the rights of my fellow West Virginians, and I recognize the need for medical marijuana as an option for people who are suffering,” Perdue said. “I want to do everything in my power to move our state toward a lawful solution; however, I want to be clear that there are real banking challenges at the federal level that my office may not be able to resolve alone.”

In early March, Perdue sent a letter to state officials saying his office would not be able to handle financial transactions related to medical marijuana licensing or other banking functions related to medical marijuana because of conflicts between federal and state law. Marijuana remains illegal under federal law despite being legalized in some form in 30 states. [Read More @ WVNEWS]

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