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West Virginia medical marijuana banking bill becomes law
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West Virginia medical marijuana banking bill becomes law

West Virginia Governor Jim Justice on Wednesday signed House Bill 2538, which regulates handling of funds in conjunction with the state’s medical cannabis program authorized by the Medical Cannabis Act.

The bill allows the State Treasurer to select one or more financial institutions to provide banking services for the fees, penalties and taxes collected under the Act. It also creates a Treasurer’s Medical Cannabis Fund to receive all fees collected until the Treasurer is lawfully able to transfer money into the main reimbursement account of the state.

When signing the bill into law, Justice emphasized his position that he is “adamantly … one hundred percent against recreational marijuana” but supports “medical cannabis for our people who are in so much pain that their physicians deem [medical marijuana] absolutely necessary.”