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West Virginia Code Chapter 16A. Medical Cannabis Act § 16A-9-2. Medical Cannabis Program Fund

Current as of January 01, 2024 | Updated by Findlaw Staff

<For effective date information regarding this section, see § 16A-16-1.>

(a) Fund established. -- The Medical Cannabis Program Fund is established as a special fund in the State Treasury. Money in the fund is appropriated as set forth in subsection (c) of this section. Any amount unspent at the end of a fiscal year shall be appropriated to the bureau for its operations.

(b) Source of funds. -- Fees and taxes payable under this act shall be deposited into the fund. The money deposited into the fund may only be used for the purposes set forth in this section. Any interest accrued shall be deposited into the fund.

(c) Use of proceeds. -- Money in the fund is allocated in accordance with the following percentages:

(1) Fifty-five percent of the revenue in the fund shall be allocated to the bureau.

(2) The remaining forty-five percent of the revenue in the fund shall be allocated as follows:

(A) Fifty percent shall be allocated to the Fight Substance Abuse Fund created by section eight, article nine, chapter sixty-a of the code.

(B) Forty percent shall be allocated to the Division of Justice and Community Services, for grants to local law enforcement agencies for training, drug diversion, and other programs focused on crime and addiction, pursuant to and in accordance with the provisions of article nine-a, chapter fifteen of this code.

(C) Ten percent shall be allocated to the fund created in section four, article twenty-nine, chapter thirty, to be used for law enforcement professional training and professional development programs.

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Cite this article: FindLaw.com - West Virginia Code Chapter 16A. Medical Cannabis Act § 16A-9-2. Medical Cannabis Program Fund - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-16a-medical-cannabis-act/wv-code-sect-16a-9-2/

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