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Cannabis company Theory Wellness, with spot in Chicopee, goes employee owned

CHICOPEE — Theory Wellness’ Massachusetts employees are now owners of the brand’s operations in the Bay State, now that the company has executed an employee stock ownership plan. The approximately 200 employees include those who work at the company’s retail and medical cannabis operation in Chicopee.

“It’s pretty monumental,” said Nick Friedman, chief strategy officer and co-founder, in a phone interview Wednesday.

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