Theory Wellness is opening its flagship dispensary, along with the first beverage dispensary, in Medford, Massachusetts on Jan. 21.

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

Theory’s beverage outlet is located in the same building complex. With beverage being a rapidly growing category in cannabis, this outlet aims to offer 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," said Brandon Pollock, co-founder  and CEO. "It's been a rewarding journey, and our team has done an incredible job getting us here."

Theory had also donated nearly 10,000 sq. ft. 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 minutes from downtown Boston, with easy access from I-93.