Theory Wellness Opens Boston's First Employee-Owned Dispensary in Medford

[Stoneham, MA — January 18th, 2024 — PRESS RELEASE] Theory Wellness will open its flagship dispensary in Medford along with the world’s first-ever beverage dispensary on Sunday, Jan. 21 at 9 a.m.

The new store opening comes just weeks after the company announced that it has transitioned 100% ownership to its staff, making Theory the first employee-owned cannabis company in the Commonwealth and the largest in the country. Its new store in Medford will become Boston’s first employee-owned dispensary.

That’s not the only first either; Theory is also opening the world’s only cannabis beverage outlet located in the same building complex. As a rapidly growing category in cannabis, this beverage outlet will be focused on providing the largest selection of cannabis beverages at wholesale prices.

"We had a truly exciting end to the year, both with our transition to becoming employee-owned, and now with the opening of our flagship store and beverage outlet in Medford," shared Brandon Pollock, co-founder, and CEO. "It's been a rewarding journey, and our team has done an incredible job getting us here."

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Theory had also donated nearly 10,000 square feet of space adjacent to its dispensary to the Arts Collaborative Medford. This community-based non-profit had been seeking a space for nearly a decade before Theory offered to donate part of its building and construct a brand new arts center.

“We are excited to be able to offer this space and support the local artist community,” says Nick Friedman, Theory’s co-founder and CSO.

The dispensary’s location, at 162 Mystic Avenue, is only minutes from downtown Boston, with easy access from I-93. The fully renovated location offers over 60 parking spaces and officially opens its doors to 21+ patrons at 9 a.m. on Sunday, Jan. 21.