New York
Expert Cannabis Accounting Services
New York Cannabis CFO, CPA, and Tax Preparation Services for the Cannabis Industry
Why New York Cannabis Businesses Need Specialized Accounting Support
As New York’s cannabis industry continues to expand, businesses face specific challenges in compliance and financial management. GreenGrowth CPAs offers expert cannabis accounting, tax, and CFO services to help New York cannabis businesses thrive in this evolving market.
Navigating New York cannabis tax compliance
New York’s cannabis regulations are intricate, and staying compliant is essential. GreenGrowth CPAs brings in-depth expertise in cannabis-specific regulations, ensuring that your business meets all local, state, and federal requirements. Our services include precise record-keeping, compliance checks, and financial planning to help your business remain compliant and focused on growth.
Comprehensive Tax Solutions for New York’s Cannabis Industry
Navigating cannabis tax laws is challenging due to specific regulations and limitations. GreenGrowth CPAs specializes in cannabis tax services for New York businesses, helping optimize tax structures and minimize liabilities. Our expert solutions are designed to improve cash flow while ensuring compliance with cannabis-specific tax requirements.
Customized Financial Strategies for Cannabis Business Growth
Every cannabis business has unique financial needs. GreenGrowth CPAs tailors financial strategies for New York’s cannabis market, from tax planning and budgeting to financial forecasting. We’re committed to helping you align resources for long-term growth and success.
Building Transparency to Strengthen Investor Trust
Growing cannabis businesses require financial transparency to attract investors. GreenGrowth CPAs delivers accurate financial statements that inspire confidence among stakeholders. Our cannabis business financial planning support helps businesses in New York establish credibility, enhancing investment opportunities.
INDUSTRY INSIGHTS
Financial Blueprint for Your Multi-State Cannabis Business
Expanding your cannabis operations into a new state marks an exciting milestone—but without a solid financial plan, your multi-state cannabis business could face costly setbacks. Whether you’re an established operator
Social Equity Debate: CT Cannabis Ownership Rules
Social equity is at the center of a critical debate in Connecticut’s cannabis industry. One of the state’s most ambitious regulatory features—the seven-year ownership requirement for social equity applicants—is now
How to Track COGS in Your Cannabis Business
For cannabis businesses in the U.S., profitability doesn’t come easy. Operators must navigate a complex landscape of tax regulations, cash flow challenges, and razor-thin margins—all while remaining compliant with federal
Expert cannabis accounting, tax, and compliance services for New York cannabis businesses.
Mitigating Financial Risks with Expert Cannabis CFO Support
Financial risks are a reality in the cannabis industry, and strategic planning is essential. GreenGrowth CPAs helps identify risks, implement internal controls, and develop strategies to safeguard your business's financial health. We provide the insights you need to achieve financial resilience.
Scalable Financial Strategies for Growing Cannabis Businesses
Scalability is vital for success in the cannabis industry. GreenGrowth CPAs offers financial modeling and strategic advice, enabling your business to adapt to increased demand. Our services go beyond basic accounting, providing you with the guidance to make informed decisions as your business expands.
Free Up Time to Focus on What Matters Most
Managing cannabis financials can be demanding. By partnering with GreenGrowth CPAs, you can focus on cultivation, production, and customer engagement, knowing that your financial needs are expertly managed. Our team’s dedication ensures that your New York cannabis business remains financially sound, so you can focus on growth.
New York Cannabis Facts
New York legalized recreational cannabis in March 2021, establishing a comprehensive framework for adult-use sales and possession. The state's program emphasizes social equity, aiming to support communities affected by past cannabis policies. By 2024, New York's legal cannabis market is projected to reach nearly $1 billion in sales, reflecting rapid growth and consumer demand.
New York Cannabis Business FAQs
What taxes do cannabis businesses pay in New York?
New York cannabis businesses are subject to a 9% state cannabis excise tax, a 4% local excise tax, and standard state and local sales taxes. Additionally, there’s a THC potency-based tax on distributors, which varies depending on product type. Compliance with the Office of Cannabis Management (OCM) and the Department of Taxation and Finance is critical.
How does 280E impact cannabis businesses in New York?
Under IRS Section 280E, New York cannabis businesses cannot deduct most business expenses for federal tax purposes—only cost of goods sold (COGS) are allowed. This can result in a high effective tax rate without proper planning. A cannabis CPA helps you structure your operations and financials to minimize tax liability while staying compliant.
Why do cannabis businesses in New York need a specialized CPA?
New York’s cannabis program is new and highly regulated. A New York cannabis CPA understands the OCM’s rules, complex tax structure, and evolving compliance requirements. We help you avoid regulatory pitfalls, maximize cash flow, and ensure your books are clean and audit-ready.
What financial records do cannabis businesses in New York need to maintain?
Operators must maintain detailed inventory tracking, potency-based tax documentation, METRC data integration, and monthly tax filings. Clean records are critical not only for compliance but also for future fundraising or audits.
How can GreenGrowth CPAs help my cannabis business in New York?
GreenGrowth CPAs provides New York cannabis businesses with expert accounting, CFO services, real-time dashboards, and proven 280E tax strategies. We take care of compliance, reporting, and financial planning—so you can focus on growing a successful operation in one of the country’s most competitive markets.
What cities do we serve?
We work with licensed cannabis businesses across multiple U.S. states, offering expert support in accounting, tax, and financial services to operators at every stage of growth—from seed to sale. While we serve clients statewide, here are some of the key cities where we actively support cannabis operators:
Arizona: Phoenix, Tucson, Mesa, Chandler, Scottsdale, Glendale.
California: Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento.
Connecticut: Bridgeport, New Haven, Stamford, Hartford, Waterbury, Norwalk.
Delaware: Wilmington, Dover, Newark, Middletown, Smyrna, Milford.
Florida: Miami, Tampa, Orlando, Jacksonville, St. Petersburg, Fort Lauderdale.
Illinois: Chicago, Aurora, Naperville, Joliet, Rockford, Springfield.
Kentucky: Louisville, Lexington, Bowling Green, Owensboro, Covington, Richmond.
Maryland: Baltimore, Columbia, Germantown, Silver Spring, Frederick, Rockville.
Minnesota: Minneapolis, St. Paul, Rochester, Bloomington, Duluth, Brooklyn Park.
New Jersey: Newark, Jersey City, Paterson, Elizabeth, Edison, Trenton.
New York: New York City, Buffalo, Rochester, Yonkers, Syracuse, Albany.
Ohio: Columbus, Cleveland, Cincinnati, Toledo, Akron, Dayton.
If your city isn’t listed, don’t worry—we serve businesses throughout each of these states and can likely support you wherever you’re located. Our team operates remotely and understands the specific tax codes, regulatory environments, and financial nuances unique to cannabis operators in each state.
