The clock ran out Saturday for the Legislature to implement a change to the state’s medical cannabis program, not long after the state treasurer raised doubts for the financial infrastructure behind it.
State Treasurer John Perdue wrote a letter to Gov. Jim Justice, legislative leaders and state officials March 1, stating that because of the disparity between state and federal law regarding medical cannabis, the state cannot support the program with its financial services.
“Our vendors currently do not desire to engage in accepting any deposits related to sales, fees, licenses, or taxes related to state-sanctioned medical cannabis sales,” the letter states. “Therefore, in the best interest of the State, the Treasurer’s Office is unwilling to accept the funds derived from medical cannabis at this time. Any other depositing alternative is not a viable option.”
The House passed a bill Feb. 28 that would increase the number of growers, processors and dispensaries that can be permitted under the program, among other changes, heeding recommendations of the Medical Cannabis Advisory