Blue Diamond Ventures Inc (BLDV)

[Rhinegold]

If we move to a new spot doesn't that negate our approval ?

A state panel has selected five companies to open Virginia's first medical cannabis dispensaries, including one in Staunton.

After over five hours of secret discussion, the Virginia Board of Pharmacy granted initial approval to five of the 51 applicants.

The applications were treated as medical license applications, therefore exempt from the Virginia Freedom of Information Act, which allowed the meeting to take place in private.

One company was chosen for each of the state's five health service areas, so that dispensaries will be spread across the commonwealth.

The first wave will produce only CBD or THC-A oils, which don't provide a high.

The conditional awardees include Maryland-based Green Leaf Medical, Illinois-based PharmaCann and Florida-based Columbia Care. The other two licenses were awarded to newer ventures from Virginia entrepreneurs partnering with out-of-state partners: Dharma Pharmaceuticals and Dalitso LLC.