$re = '/\W(\#[a-zA-Z]+\b)(?!;)/m';
$str = 'Here\'s a #hashtag and here is #not_a_tag; which should be different. Also testing: Mid#hash. #123 #!@£ and <p>#hash</p';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php