A Carytown storefront is trading jeans for green.
Green Leaf Medical, which operates the region’s only medical cannabis operation in Manchester, has signed a lease to open a retail dispensary in the former Need Supply storefront at 3100 W. Cary St.
Phil Goldberg, Green Leaf’s co-founder, confirmed the deal Wednesday during Richmond BizSense’s “Future of Cannabis in Virginia” virtual panel.
The 5,600-square-foot Carytown space was formerly home to Need Supply’s flagship retail store before the company shuttered permanently during the pandemic.
The Carytown location is Green Leaf’s second confirmed dispensary in Virginia. The other is taking shape in a former KFC storefront in Short Pump. Goldberg said Wednesday that the Short Pump location is expected to open in 60 days.
He said he expects the Carytown location to open in three-and-a-half to four months.
Goldberg didn’t respond to a phone message seeking further comment Wednesday.
Michael Morris, Jim McVey and Thomas Lynde of Commonwealth Commercial represented the landlord in the Carytown deal.
Green Leaf, as the only state-sanctioned medical cannabis processor in the Richmond region, is permitted to have up to five satellite dispensaries within its territory. That’s in addition to a retail dispensary at its 82,000-square-foot Southside facility, which also houses its Virginia-based cultivation and production.
Green Leaf (stylized “gLeaf”) makes cannabinoid oil-based products and sells them to registered and prescribed customers.
Green Leaf holds the state-approved license for Health Service Area 4, which includes the Richmond region. The company also has operations in Ohio, Maryland and Pennsylvania.
Last month, New York-based Columbia Care announced it sealed the deal on a $240 million acquisition of Green Leaf first announced in December.
Columbia Care holds the license for Health Service Area 5, which is in southeast Virginia. The company has its Virginia medical cannabis cultivation and production facility in Portsmouth. A Columbia Care vice president is among the governor’s picks for one of three boards of the budding Virginia Cannabis Control Authority.
Earlier this month, Columbia Care announced that Goldberg joined Columbia Care’s board of directors. He served as Green Leaf’s CEO until it was acquired by Columbia Care.
Editor’s Note: To see a full recording of Wednesday’s Future of Cannabis in Virginia panel discussion, click here for the BizSense video archive.