Lone cannabis product company in Southwest Virginia gets new owner

By DAVID MCGEE

ABINGDON — Southwest Virginia’s lone licensed cannabis products processor has a new owner.

Chicago-based Green Thumb Industries announced Thursday its acquisition of Dharma Pharmaceuticals, its production facilities and dispensary on Watauga Road in Abingdon. The local firm, which initially operated in the former Bristol Mall, moved to its current location in May.

Dharma is one of four state-licensed pharmaceutical processing firms in Virginia permitted to grow, process and sell cannabis oil products directly to patients with written certification from a medical provider. Dharma initially opened in October 2020. Other pharmaceutical processors operate in Richmond, Portsmouth and Manassas.

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