West Virginia AG: Banks risk defying fed law when serving medical cannabis firms

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West Virginia’s financial institutions face risks when providing banking services to medical marijuana businesses because cannabis is illegal under federal law, the state’s attorney general, Patrick Morrisey, wrote in a new opinion.

Banking has been one sticking point in the rollout of West Virginia’s medical cannabis program, which has been delayed by disagreements over rulemakings.

According to Morrisey’s opinion, the state will have to consider banking as it looks at how to implement its 2017 medical cannabis law.

Morrisey noted he’s

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