By JAKE ZUCKERMAN
CHARLESTON, W.Va. — A legislative committee renewed efforts Monday to patch up a gaping hole in the state’s medical marijuana program slated to launch next summer — the banking.
In 2017, Gov. Jim Justice signed the West Virginia Medical Cannabis Act. However, policy changes enacted by U.S. Attorney General Jeff Sessions and disparities in state and federal law prompted vendors of state Treasurer John Perdue to announce their unwillingness to facilitate the banking aspects of the program in March.
Since then, Perdue has offered Justice two legislative solutions: create a system to allow payments to be made within a network on either a closed-loop or open-loop system; or to establish a state-owned bank to handle the accounts.
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