West Virginia law clears path for medical marijuana banking

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West Virginia’s governor penned a medical cannabis banking bill into law that will allow financial institutions in the state to bid on providing banking services surrounding the state’s MMJ program, MetroNews reported.

That clears one obstacle to the rollout of the West Virginia’s program.

House Bill 2538, which Gov. Jim Justice signed Tuesday, also institutes the Treasurer’s Medical Cannabis Fund to allow the state treasurer to collect funds for banking services and for the Medical Cannabis Program Fund to gather MMJ program-related fees.

For more details about West Virginia’s medical marijuana banking bill, click here.