Silver Therapeutics
Silver Therapeutics is a privately held multi-state cannabis retailer operating 10 dispensaries across Massachusetts, Maine, Vermont, New York, and Minnesota, selling flower, edibles, concentrates, vapes, and accessories to recreational and medical cannabis consumers under the Silver Therapeutics, Silver Cannabis Company, and City Farm brands.
- Company typePrivate
- Founded2017
- HeadquartersPittsfield, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Silver Therapeutics does
Silver Therapeutics is a privately held, multi-state cannabis retail operator founded in 2017 by Josh Silver (CEO, attorney with regulatory compliance expertise) and Brendan McKee (CFO/COO) in Williamstown, Massachusetts. The company manufactures, distributes, and sells cannabis-based products through 10 dispensary locations across five U.S. states — Massachusetts, Maine, Vermont, New York, and Minnesota — operating under DBA names Silver Therapeutics, Silver Cannabis Company, and City Farm by Silver Therapeutics. Its product portfolio spans the full cannabis retail spectrum: flower, pre-rolls, edibles, concentrates/extracts, vaporizers, tinctures, topicals, CBD products, branded apparel, and accessories. Customers include adult-use recreational consumers (21+), medical cannabis patients (in Minnesota), college students at Williams College and UAlbany, and out-of-state visitors from bordering states (CT, NH, WI). Distribution is direct-to-consumer via physical storefronts with Dutchie Pro-powered online ordering and curbside pickup; merchandising emphasizes curated, locally sourced flower including exclusive strains from a women-owned Maine cultivation partner.
The underlying technology stack is built on industry-standard third-party SaaS: Dutchie Pro powers the e-commerce menu and pre-order workflow, JointCommerce provides the advertising platform, and Alpine IQ runs the Silver Circle VIP loyalty rewards program (1 point per $1 spent, redeemable up to $90 off at 1,200 points, plus birthday/anniversary/referral rewards). A distinguishing capability is the City Farm education campus in Roslindale (Boston), operated in partnership with Green Flower Media, offering cannabis education, workforce training, and community programming — the only such facility in Boston. The company employs 101–250 people and has been recognized as Best Dispensary in the Northeast 2025 (GreenState Consumers' Choice Awards, first place) and named to the Inc. 5000 list of America's fastest-growing private companies in 2025. Revenue is generated almost entirely through point-of-sale transactions across dispensaries; there are no disclosed funding rounds, M&A activity, or third-party distribution relationships.
Silver Therapeutics firmographics
Firmographics- Name
- Silver Therapeutics
- Legal name
- Silver Therapeutics
- Website
- https://silver-therapeutics.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Silver Therapeutics is a privately held multi-state cannabis retailer operating 10 dispensaries across Massachusetts, Maine, Vermont, New York, and Minnesota, selling flower, edibles, concentrates, vapes, and accessories to recreational and medical cannabis consumers under the Silver Therapeutics, Silver Cannabis Company, and City Farm brands.
- Ownership category
- akta.pro rank
Silver Therapeutics industry classification
Industry- Product category
- Recreational Cannabis Retail
- NAICS
- Pharmacies and Drug Retailers (45611), Health and Personal Care Retailers (456), Food (Health) Supplement Retailers (456191)
- SIC
- Retail-Drug Stores And Proprietary Stores (5912)
- akta.pro primary industry
- Cannabis Dispensary + Ancillary Retail (Accessories, CBD/Hemp, Merchandise) (CRANAFAH)
- akta.pro secondary industries
- Cannabis Accessories & Smoke Shops (Pipes, Papers, Grinders) (CRANAHAG), CBD/Hemp Specialty Stores (Tinctures, Oils, Edibles) (CRANAHAA), Medical Cannabis Dispensaries (CRANAFAB)
Keywords
Where Silver Therapeutics is headquartered
LocationHeadquarters
- HQ city
- Pittsfield
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
Silver Therapeutics business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Cannabis Retail Sales: Primary revenue from retail sales of cannabis products including flower, pre-rolls, edibles, concentrates, vaporizers, tinctures, topicals, and accessories. Serves both recreational adult-use customers and medical cannabis patients. Multiple product categories and price points available across 10+ dispensary locations.
- Loyalty Program Membership: Silver Circle VIP rewards program drives customer retention through points earned on purchases. Members receive exclusive deals, early product access, and tiered discounts. Points expire if no purchase within 6 months, encouraging repeat visits.
- Merchandise and Apparel: Sale of branded Silver Therapeutics merchandise including hoodies, t-shirts, accessories (lighters, water bottles, hats). Additional revenue stream complementing core cannabis product sales.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Pay-as-you-go | Silver Circle VIP Loyalty Program - earn 1 point per $1 spent |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Silver Therapeutics product offering
Product offeringCore offering
Silver Therapeutics operates a multi-state chain of cannabis dispensaries selling recreational and medical cannabis products including flower, pre-rolls, edibles, concentrates, vaporizers, tinctures, topicals, CBD products, branded apparel, and accessories. The company runs 10+ retail locations across Massachusetts, Maine, Vermont, New York, and Minnesota, supported by an online ordering platform and the Silver Circle VIP loyalty rewards program.
Product overview
Silver Therapeutics operates a multi-state cannabis retail chain across Massachusetts, Maine, Vermont, New York, and Minnesota. The company's product portfolio centers on recreational and medical cannabis dispensaries offering a curated selection of cannabis products including flower, pre-rolls, edibles, concentrates, vaporizers, tinctures, topicals, and CBD products. The dispensary network also sells branded apparel and accessories. Key offerings include the Silver Circle loyalty rewards program for customer retention and the City Farm education campus in Boston, which provides cannabis education and workforce training. Locations partner with local cultivators including women-owned facilities in Maine to provide exclusive strains. The company operates 10 dispensary locations across 5 states, with services ranging from adult-use recreational sales to medical cannabis consultations in Minnesota.
Differentiator
Problem solved
Functional benefit
Products and services
- Cannabis Flower Dried cannabis buds sold by weight in a curated selection of strains, locally sourced at each dispensary location. Available to recreational adult-use customers (21+) and medical cannabis patients.
- Pre-Rolls Pre-rolled cannabis cigarettes sold individually or in multi-packs, with mix-and-match specials and bundles available at dispensary locations.
- Edibles Cannabis-infused food and beverage products including gummies, candies, baked goods, and THC drinks, available in various potencies for recreational and medical customers.
- Concentrates/Extracts High-potency cannabis extracts including wax, shatter, and oils, sold in various forms with higher THC content than flower.
- Vaporizers/Vape Products Cannabis vape cartridges and disposable vape pens for inhalation consumption, available in various strains and potencies.
- Tinctures Liquid cannabis extracts administered sublingually (under the tongue), available in various CBD:THC ratios for recreational and medical use.
- Topicals Cannabis-infused creams, balms, and salves applied to the skin for localized relief; non-psychoactive when applied topically.
- CBD Products Cannabidiol-based products derived from hemp, including CBD flower, edibles, tinctures, and topicals; non-psychoactive wellness products.
- Branded Apparel Silver Therapeutics branded merchandise including hoodies, t-shirts, and other apparel items featuring the Silver brand.
- Accessories Cannabis accessories including rolling papers, cones, lighters, grinders, and storage items; includes Raw and Silver Therapeutics branded items.
- Silver Circle VIP Loyalty Program Silver Therapeutics' rewards program where customers earn 1 point per $1 spent; points redeemable for discounts ($5 off at 100 points, $15 off at 300, $35 off at 600, $60 off at 900, $90 off at 1,200). Includes birthday rewards, anniversary rewards, referral rewards, early access to product drops, and member-only offers.
- City Farm Education Campus Cannabis education center located in Roslindale, MA — Boston's first and only cannabis educational campus, providing community engagement through education, industry training for employees and groups impacted by the war on drugs, and educational experiences for the general public, in partnership with Green Flower Media.
- Medical Cannabis Dispensary Services (Stillwater, MN) Medical cannabis dispensary services for Minnesota patients holding valid medical cannabis cards, providing tax-exempt purchases, more potent product access, and personalized product consultation at the Stillwater, MN location.
Quantifiable outcome
- First licensed recreational and medical cannabis dispensary in Stillwater, MN
- +2 more outcomes
Companies that use Silver Therapeutics
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
Silver Therapeutics technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature2 records
Silver Therapeutics partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Green Flower MediacoreFounding Partner with Green Flower Media, described as best-in-class cannabis educational platform. Partnership supports City Farm education campus with curriculum and industry training programs for employees and community members seeking to enter cannabis industry.
Scale indicators6 records
Recent moves6 records
Expansion highlights7 records
Silver Therapeutics competitors and assessment
Company assessmentBroad incumbents
- Green Thumb Industries (GTI): Multi-state cannabis operator with retail presence in the Northeast (including MA and NY). Comparable retail dispensary model and product portfolio, but operates at significantly larger scale with national footprint.
- Trulieve Cannabis: Large MSO operating cannabis dispensaries across multiple states including the Northeast. Comparable as a multi-state cannabis retailer with similar product categories and adult-use/medical focus, but with far broader geographic reach and capital base.
- Curaleaf Holdings: One of the largest US multi-state cannabis operators with retail dispensaries in multiple Northeast states including MA and NY. Directly overlaps with Silver Therapeutics on retail dispensary format and adult-use/medical product mix, but operates at vastly larger scale across ~150 locations nationally.
- Ascend Wellness Holdings: Multi-state cannabis operator with retail dispensaries in MA, NY, and other states. Comparable on multi-state retail footprint and adult-use/medical product mix, but operates at much larger scale.
- Cresco Labs: Multi-state cannabis operator with retail dispensaries in multiple states. Comparable on retail dispensary model and product categories, though Cresco's vertical integration and national footprint make it a much larger competitor.
- iAnthus Capital Holdings: Multi-state cannabis operator with retail and cultivation in the Northeast (including MA and NY). Comparable retail dispensary approach and adult-use/medical product mix, though iAnthus has faced financial restructuring challenges.
- The Botanist (by Acreage Holdings): Cannabis retail brand under Acreage Holdings with locations in multiple Northeastern states including MA, NY, and ME. Comparable multi-state retail dispensary presence and education-focused branding.
Direct peers
- Canna Provisions: Massachusetts recreational and medical cannabis retailer with multiple locations. Comparable in being a multi-store Northeast operator with a curated product approach and adult-use focus.
- Theory Wellness: Massachusetts-based cannabis retailer with multiple dispensaries focused on education, curated products, and a community-oriented brand. Closest direct peer to Silver Therapeutics on geography, education-first positioning, and multi-store retail format.
- Berkshire Roots: Massachusetts-based vertically integrated cannabis operator with retail and cultivation. Direct geographic peer in Western MA with similar retail dispensary model and educational brand positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Silver Therapeutics social profiles
Digital presenceSilver Therapeutics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silver Therapeutics leadership team
Management profileNumber of profiles
Profiles12 records
Silver Therapeutics funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silver Therapeutics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silver Therapeutics
What does Silver Therapeutics do?
Silver Therapeutics operates a multi-state chain of cannabis dispensaries selling recreational and medical cannabis products including flower, pre-rolls, edibles, concentrates, vaporizers, tinctures, topicals, CBD products, branded apparel, and accessories. The company runs 10+ retail locations across Massachusetts, Maine, Vermont, New York, and Minnesota, supported by an online ordering platform and the Silver Circle VIP loyalty rewards program.
Is Silver Therapeutics a public or private company?
Silver Therapeutics is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Silver Therapeutics founded?
Silver Therapeutics was founded in 2017. It employs 101 to 250 people.
Where is Silver Therapeutics based?
Silver Therapeutics is headquartered in Pittsfield, United States, in the North America region.
How does Silver Therapeutics make money?
Three revenue lines are on record. Cannabis Retail Sales are the primary driver. The others are loyalty Program Membership and merchandise and Apparel.
Who are Silver Therapeutics's main competitors?
Broad incumbents on record are Green Thumb Industries (GTI), Trulieve Cannabis, Curaleaf Holdings, Ascend Wellness Holdings, Cresco Labs, iAnthus Capital Holdings and The Botanist (by Acreage Holdings). Direct peers are Canna Provisions, Theory Wellness and Berkshire Roots.
Does Silver Therapeutics have an API?
No public API is recorded for Silver Therapeutics.
What industry is Silver Therapeutics in?
Silver Therapeutics's product category is Recreational Cannabis Retail. Its primary akta.pro industry code is CRANAFAH, Cannabis Dispensary + Ancillary Retail (Accessories, CBD/Hemp, Merchandise), with a secondary code of CRANAHAG, Cannabis Accessories & Smoke Shops (Pipes, Papers, Grinders). Its NAICS code is 45611 and its SIC code is 5912.