Treasurer’s Office announces request for bid related to medical cannabis program

CHARLESTON, W.Va. — The West Virginia State Treasurer’s Office on Thursday released a request for proposal related to the search for a financial institution responsible with handling money related to the state’s medical cannabis law.

According to the office, such request is usually used when price is not the sole determining factor in selecting a vendor.

Financial institutions must provide the office with deposit, disbursement and receipt processes related to the sale and other functions of the medical marijuana law. Submissions are due by June 5.

A committee will be responsible for evaluating and scoring all submissions. A timeframe is dependent on the number of submissions, the information detailed and the availability of committee members.

State lawmakers had hoped to have the medical cannabis program operational by July 1.





More News

News
As Yeager Airport's Wildlife Patrol Dog turns 7, a new dog comes in to learn from him
The new Border Collie is getting acclimated and receiving training for his soon-to-be role.
March 28, 2024 - 6:30 pm
News
Dunlow Volunteer Fire Department closes
The Dunlow VFD did not have a valid workers compensation insurance policy.
March 28, 2024 - 6:20 pm
News
PEIA examines financial effects of new law meant to ensure local pharmacies get fair reimbursements
Gov. Jim Justice signed Senate Bill 453 into law this week.
March 28, 2024 - 4:11 pm
News
Barbour County woman sentenced after death case sent back to circuit court by Supreme Court
Carli Reed sentenced on voluntary manslaughter conviction.
March 28, 2024 - 4:11 pm