Karl Frederic, Christopher Dean, Justin DiCicco Represent Cannabis Dispensary Township Green LLC

Monday, March 25, 2024

Windels Marx client, Township Green LLC, has opened its first cannabis dispensary in Riverside, Burlington County, NJ. The dispensary resides in a former bank branch and joins only a handful of New Jersey dispensaries with a drive-thru window.

Partner Karl Frederic represented the client from inception to operation, supporting the license application, structuring the business entities to minimize the impact of IRC Section 280E and negotiating both equity and debt financing. Partner Christopher Dean and Associate Justin DiCicco supported the private equity offering with the preparation of the business operating agreements and subscription agreements.

As the cannabis industry has risen over the past few years, Karl has applied his experience in life sciences to the needs of this sector. He maintains significant contacts throughout the cannabis industry, representing trade groups, cultivators and CBD start-ups, like Township Green. 

News of Township Green's operations and March 25th grand opening was reported as follows: