skip to Main Content
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]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Many People with Bipolar Disorder Use Cannabis. It May Sometimes Help

Many people with bipolar disorder have a strong attraction to marijuana. A 2019 review of 53 studies found that almost a quarter of a combined sample of 51,756 individuals with the condition…

RI dispensaries start to sell recreational pot: Everything you need to know

Rhode Island has licensed five of its six operating medical marijuana dispensaries to begin selling the drug for recreational use as well starting Dec. 1, when the state’s legalization goes…

Crashed Crypto FTX Invested Millions in Cannabis-Courting Moonstone Bank

A November 23 article by New York Times reporter Stephen Gandel raised questions about an investment by bankrupt crypto exchange FTX into Farmington State Bank, a tiny financial institution in…

New York’s Cannabis Retail Dispensary Regulations, Part 2: Security and Surveillance

By  Matthew Schwartz, Attorney at Harris Bricken Welcome to Part 2 in this series on New York’s cannabis retail dispensary regulations, covering security. In Part 1, we covered the rules around…

More Categories

Back To Top
×Close search
Search