try below code
$taxonomies = array( 'location' );
$args = array(
'hide_empty' => false,
'fields' => 'all',
'hierarchical' => true
);
$termz = get_terms( $taxonomies, $args );
if your file is in theme directory change path to
$base_dir = dirname(dirname(dirname(dirname(__FILE__))));
require_once($base_dir."/wp-load.php");