Gov. Justice Signs Medical Marijuana Banking Bill

Charleston, WV — West Virginia Governor 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. 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. Justice has yet to act on House Bill 2079, which addresses issues with the original medical marijuana bill, including the permitting process and regional distribution requirements. Justice has until midnight Wednesday to act on bills from this year’s 60-day legislative session.