CHARLESTON, W.Va. — The West Virginia Treasurer’s Office is trying to work out money exchange issues for the state’s new medical marijuana program.
Assistant Treasurer Josh Stowers told MetroNews banks have informed the office they are “uncomfortable” and “unwilling” to process funds relating to medical cannabis because the drug is still illegal on the federal level.
West Virginia legalized medical marijuana in April 2017. Since then, the state has been working to come up with how to implement the program.
Treasurer John Perdue sent a letter on March 1 to a number of stakeholders regarding the issue.
The letter was addressed to Governor Jim Justice, Senate President Mitch Carmichael, House Speaker Tim Armstead, Department of Health and Human Resources Secretary Bill Crouch, Tax Commissioner Dale Steager, State Health Officer Dr. Rahul Gupta and Medical Cannabis Director Jason Frame.
In the letter, Perdue said “concerns stem from the direct conflict between federal law and state law on cannabis (marijuana) legality” and that the state will need to take a different approach to processing funds in order to enact the