BRATTLEBORO REFORMER: BRATTLEBORO CANNABIS DISPENSARY THEORY WELLNESS NOW EMPLOYEE OWNED
January 10, 2024
BRATTLEBORO — Nick Friedman, chief strategy officer of Theory Wellness, said his is the first cannabis establishment in Vermont to provide an employee stock ownership plan.
“We transferred ownership to our employees as of Dec. 20 this year,” Friedman said. “As of then, we became really the first company in cannabis to do something like this. It’s been pretty exciting.”
Friedman co-founded Theory Wellness in 2015. In February, the company started putting together the ESOP program.
Friedman said “a lot of hard work” went into trying to figure out the structure.
“But it dated back to an alignment with the philosophy of building the company we want to keep,” he said.
The goal is to attract and retain employees by supporting them with programs and benefits.
About Theory Wellness:
Theory Wellness is an East Coast medical and recreational cannabis brand; we cultivate cannabis, operate extraction labs, manufacture infused marijuana products, and proudly serve patients and customers at our marijuana dispensaries in Vermont, Massachusetts, Maine, New Jersey, and Ohio
Our focus is on small batch, craft cannabis that we cultivate using sustainable techniques on our outdoor cannabis farm and at our state-of-the-art indoor gardens. We run unique genetics to develop in-house premium products that include flower, concentrates, edibles, and an array of infusions for medical and recreational consumers in New England.
Throughout our work, we remain committed to expanding the science of cannabis, and creating the future we want to see in the emerging marijuana industry through social justice, sustainability, and research.
If you’re thinking to yourself, where is the nearest recreational dispensary near me or medical marijuana dispensary near me, look no further. Theory Wellness operates medical and recreational cannabis dispensaries in Maine and Massachusetts that offer various cannabis products to meet your needs. If you are looking for our Maine recreational marijuana dispensary locations, click here. If you are looking for Massachusetts marijuana dispensary locations, click here. If you are looking for Vermont marijuana dispensary locations, click here. If you are looking for New Jersey marijuana dispensary locations, click here. If you are looking for Ohio marijuana dispensary locations, click here.
To learn more about our operations, follow-us on Instagram @TheoryWellness.