Continue to Site »
Site will load in 15 seconds
Advertisment: OHP » OHP Order 112 » CBT ROS Banner 970x250 August 2025 » ohp-april-botanigard

Firm Plans to Purchase Bristol Mall and Lease It to Cannabidiol Oil Producer in Virginia

A Bristol firm called Par Ventures Inc. announced plans to purchase the vacant Bristol Mall and lease space to Dharma Pharmaceuticals.

Cannabis Plant Adobe Stock Credit Aleksandr Resized

BRISTOL — A local firm’s bid to secure state permission to grow cannabis and produce and distribute cannabidiol oil, or CBD, at the Bristol Mall must undergo a thorough review by the Virginia Board of Pharmacy.

Last Friday, a Bristol firm called Par Ventures Inc. announced plans to purchase the vacant Bristol Mall and lease space to Dharma Pharmaceuticals, another local firm that intends to apply for a state permit to grow cannabis plants and harvest the oil, under provisions of a 2018 state law. CBD isn’t considered a psychoactive drug, meaning users don’t get high because tetrahydrocannabinol, or THC, levels are low.

Advertisment: Cannabis Business Times » Cannabis Business Times house ads » CBT House Ad ROS 300x250 Medium Rectangle May 1-30 2025 » CBT HOUSE AD 300X250.gif
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570

The application deadline is 2 p.m. June 8.

Reader reaction to the Bristol Herald Courier’s exclusive story Saturday on the plans was generally positive, as the owners talked about creating hundreds of new jobs at the former mall, which closed last year but hemorrhaged tenants for the past three years.

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies ROS 300x250 Medium Rectangle » great-place-2026-animation300x250.gif

Last month, the Virginia Department of Health Professions, through the pharmacy board, began accepting applications for pharmaceutical processors. The three-step review includes submission of the initial application, awarding of conditional approval and granting the permit, according to the agency’s website.

Read more

Top Image: © Aleksandr | Adobe Stock

Advertisment: Cannabis Business Times » Cannabis Business Times house ads » CBT House Ad ROS 300x250 Medium Rectangle May 1-30 2025 » CBT HOUSE AD 300X250.gif
Advertisment: Cannabis Business Times » Cannabis Business Times house ads » CBT House Ad ROS 300x250 Medium Rectangle May 1-30 2025 » CBT HOUSE AD 300X250.gif
Page 1 of 184
Next Page
Advertisment: Fluence » Fluence Order 95 » CBT ROS Mobile Adhesion 360x120 August 2025 » FLU-DBA_INSA_360-x-120