New Jersey Cannabis Regulation

Seth R. Tipton is a partner at Florio Perrucci Steinhardt Cappelli Tipton & Taylor, LLC and Chair of its corporate, commercial real estate, and cannabis practice groups. During his career, Seth has represented corporate clients in connection with business formation, internal governance, and mergers and acquisitions. In the latter capacity, Seth has guided privately-held companies through digital auctions, preliminary negotiations, financing, and closing of multi-million-dollar transactions on both the buy and sell side.

In addition, Seth is a leader in the field of cannabis law. He has represented applicants for medical cannabis permits in Pennsylvania and New Jersey, guiding them on private capital raises, application requirements, and real estate acquisition and approval. Seth counsels clients on all aspects of formation and compliance for cannabis companies, from start-ups to multi-state operators. For example, Seth was counsel for Keystone Releaf LLC in a successful appeal of denial of a medical marijuana application, and he was counsel for successful applicants for medical cannabis dispensaries and cultivators in the 2019 New Jersey Department of Health request for applications. He is the immediate past co-chair the New Jersey State Bar Association Cannabis Law Special Committee, and an instructor for NJ Canna Certified where he teaches cannabis law basics to students at many of New Jersey’s community colleges. In 2022, Seth was ranked 5th on Insider New Jersey’s The Insider 100: Cannabis Power List which is a tribute to politically influential voices in New Jersey’s cannabis movement.

Seth also has extensive experience with representing both lenders and developers in all phases of commercial real estate development, including due diligence, zoning and planning applications, and negotiating and finalizing acquisition and construction loans. He has guided clients through sale leaseback transactions, multi-family and medical office building construction, financing and sales, and a variety of other projects. As part of this work, Seth has represented clients with a variety of development incentive programs, including the first City Revitalization Improvement Zone (“CRIZ”) project in Pennsylvania, the Keystone Improvement Zone (“KIZ”) tax credits and the New Jersey Urban Transit Hub Tax Credit program.

Seth has served as counsel for hospitals and has overseen matters adverse to the Centers for Medicare & Medicaid Services; the management and retention of hospital employees; licensing; negotiation of medical supply and services contracts; and compliance with the Stark and Anti-Kickback Laws. He has also guided physicians in New Jersey and Pennsylvania in connection with the sale of medical practices, and the regulatory and licensing processes regarding the establishment of new practices.

Prior to joining the firm, Seth served as a law clerk for the Honorable Ariel A. Rodriguez, Presiding Judge of the Appellate Division of the Superior Court of New Jersey.

Sarah Powell is a partner in Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC’s Corporate & Business, Commercial Real Estate, and Cannabis Practice Groups.

Sarah’s corporate practice involves everything from the formation to the dissolution of a company and serves clients ranging from new entities and startups to established businesses and repeat entrepreneurs. She has experience with corporate governance and organization, joint ventures, and a variety of other corporate and transactional matters. As part of her transactional practice, Sarah has extensive experience with negotiating and drafting contracts, including purchase and sale agreements, commercial leases, and asset purchase agreements. She has significant experience in all aspects of real estate transactions, including completing comprehensive due diligence investigations and complicated title and survey reviews. Sarah has drafted and negotiated complex industrial and commercial leases on behalf of tenants and landlords.

Sarah is also a member of the firm’s cannabis law practice. She has experience advising clients regarding the licensing process and other regulatory issues at both the state and local levels. Sarah’s knowledge of and experience with the cannabis space and its quickly evolving statutes and regulations is expansive. Her regulatory knowledge, combined with her corporate and real estate background, make her particularly skilled at serving the many needs of both emerging businesses and large companies in the cannabis industry.

Sarah earned her Juris Doctor with honors from Emory University School of Law and her B.A. from Haverford College.