Theory Wellness and Rebelle have requested that the Town return illegal impact fees which we have been forced to pay over the years despite being unjustly charged. The company announced Thursday they are transitioning its ownership entirely over to its employees. Theory Wellness has become the first employee-owned cannabis company in Massachusetts and the employee stock ownership plan (ESOP) will also create additional value by making the company tax-free. This move is seen as a step forward in the cannabis industry, where many companies are looking to adopt more ethical and sustainable business practices.
Theory Wellness is partnering with Terrence Stevens to expand his mission of directing pot profits to those who've been harmed by the drug. By becoming an employee-owned company, Theory Wellness is showing a commitment to giving back to the community and supporting those who have been negatively impacted by the war on drugs. This partnership with Stevens is just one example of how Theory Wellness is working to make a positive impact in the industry.
Cannabis company Theory Wellness, with a spot in Chicopee, goes employee-owned. CHICOPEE — Theory Wellness' Massachusetts employees are now part owners of the company, thanks to the new employee stock ownership plan. This move is a significant milestone for Theory Wellness, as it becomes the first cannabis company in Massachusetts to adopt an employee-owned model. The employees are excited about the opportunity to have a stake in the company and to be a part of its future success.