Lonely Southwest Virginia Cannabis Products Company Gets New Ownership | State & regional


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Under Virginia’s recently approved adult cannabis legislation, existing medical marijuana operators can obtain multiple licenses for adult use by paying a $ 1 million fee to the Virginia Cannabis Equity Loan Fund and the Virginia Cannabis Equity Reinvestment Fund when submitting plans for diversity, equity and inclusion.

“We see across the country that (legalization) is a matter of when, not if,” Dooley said.

Green Thumb’s philosophy, Dooley says, is to establish yourself as a trusted partner in the community. In this case, the company sought and received approval from the Virginia Board of Pharmacy to take over Dharma’s business.

“We announced our plans on May 3rd and worked with the Virginia Board of Pharmacy for the past two months to obtain approvals,” said Dooley, adding that several company employees in Abingdon have worked with the existing workforce.

“We essentially got 30 new team members,” said Dooley. “We look forward to the expansion. With the license we can open up to five branches and look forward to the expansion. “

The acquisition gives Green Thumb the opportunity to open up to five additional retail locations in Virginia. Dharma previously announced plans for a pharmacy in Salem and work on setting it up will continue, Dooley said.