charleston — The West Virginia State Treasurer’s Office is working to find alternative banking solutions for the state’s medical marijuana program.
In January, U.S. Attorney General Jeff Sessions rescinded the Cole Memo, which provided guidance on priorities where law enforcement and prosecutors should focus their efforts concerning marijuana prosecutions.
The West Virginia Treasurer’s Office received notice from its banking vendors that they would not accept deposits related to the sales, fees, licenses or taxes related to state-sanctioned marijuana sales.
On Friday, Treasurer John Perdue informed the governor’s general counsel that he is researching alternative banking options to process funds related to the program.
“Personally, I recognize the need for marijuana as a medicinal option for suffering West Virginians,” Perdue said in the release. “I look forward to sitting down with Gov. Justice and his staff to discuss lawful solutions to the current banking obstacles related to processing cannabis funds in our state.”
Last week, the governor said in a press release that he supports medical marijuana, but he will wait on the treasurer’s office to bring forward solutions related