Don Poffenroth and Kent Fleischmann founded Dry Fly in Spokane in 2007, the first grain distillery to open in Washington since Prohibition. They started on German-built Christian Carl pot stills and made their spirits from grain grown on family farms within about 30 miles of the distillery, and the first whiskey they made was a 100% Washington wheat whiskey. Dry Fly Straight Bourbon 101 was the first legal bourbon made in Washington State. In July 2021 the distillery moved from its original home on Trent Avenue near Gonzaga University into the former Spokesman-Review press building downtown, a production site more than four times the size, with a column still added. In August 2024 Charlie Wagner of Caymus Vineyards, the Napa Valley winery, bought a majority stake, and Patrick Donovan, Dry Fly's first employee, became president.

Owned by Caymus Vineyards.