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West Virginia Governor Signs Medical Marijuana Banking Bill

Gov. Jim Justice has signed a banking bill that allows bidding for financial institutions to provide banking services related to the state’s medical marijuana program.

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Top photo: © Antonio | Adobe Stock
wvmetronews.com
March 27, 2019

CHARLESTON, W.Va. — Gov. Jim Justice signed the medical marijuana banking bill into law Tuesday, allowing bidding for financial institutions to provide banking services related to the state’s medical marijuana program.

RELATED: Medical Marijuana Banking Bill Passes West Virginia House

The legislation, House Bill 2538, also establishes the Medical Cannabis Program Fund for collecting fees related to the program and the Treasurer’s Medical Cannabis Fund allowing the state treasurer to collect monies for banking services.

Justice said Tuesday he fully supports opening access to medical marijuana.

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