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Michael Verderosa CPA, P.C provides the cannabis industry with a diverse suite of accounting, tax & business advisory services to help you meet your growth objectives.
We have cannabis solutions such as:
The cannabis industry is one of the most promising and most complicated sectors to build a business in today. Operators face real opportunities alongside real uncertainty: shifting state regulations, layered compliance requirements, and tax rules that don’t resemble those in any other industry. Michael Verderosa CPA helps cannabis business owners cut through that complexity with clear, practical guidance they can act on.
Cannabis regulations and reporting requirements change quickly, and staying ahead of them takes more than a general accounting background it takes a firm that watches this industry closely and understands how those changes hit your bottom line. We built our cannabis practice around one principle: our job isn’t just to keep you compliant, it’s to help your business run better. Every engagement is an opportunity to bring your ideas, efficiencies, and a clearer financial picture, not just a completed return or a signed-off report.
Whether you’re running a small independent shop, a single-state operator, a multi-state operator, or a business that provides services to plant-touching companies, we offer the full range of accounting, tax, and advisory support you need to grow with confidence. From startup to scale, our team helps with:
Our goal is simple: to help you move through a complicated regulatory environment without it slowing your business down.
Our team has hands-on experience across the cannabis industry and is ready to support your business at any stage whether you’re just getting started or scaling into new markets.
From cultivation and manufacturing to distribution and retail dispensaries, Michael Verderosa CPA understands the financial realities of running a cannabis business. We work with plant-touching companies on everything from day-to-day accounting and financial reporting to internal controls and the steps required to access public capital markets. As the challenges facing your business evolve, we’re here to help you navigate what’s next.
At Michael Verderosa CPA, P.C., we help individuals and businesses in Mastic Beach, Patchogue, and across Suffolk County achieve financial stability through expert tax preparation, accounting, and IRS problem resolution. Our mission is simple: provide personalized solutions that make compliance easy and maximize your savings.
With 12+ years of experience in public and private accounting, Michael brings expertise from working with BDO (one of the world’s top 5 accounting firms) and Nature’s Bounty, a multi-billion-dollar corporation. This background allows us to deliver tailored tax strategies and accounting solutions for both small businesses and individuals in Long Island and New York.
Michael specializes in:
Many cannabis companies go public while still in the “emerging growth company” stage, which means an initial, lighter-touch assessment of internal controls under SOX 404(a). But cannabis valuations can climb fast and once your market cap crosses certain thresholds, both your management team and your external auditor are required to assess all internal controls under the stricter SOX 404(b) standard.
We know you have a business to run, not a compliance project to manage full-time. That’s why our approach is built to be cost-efficient and turnkey from day one. We help you build a SOX program that scales with you practical, risk-based controls that satisfy the standard today and hold up as your company grows.
Section 280E puts a hard cap on the federal deductions and credits available to plant-touching cannabis businesses, but that doesn’t mean there’s no room to plan. Depending on your state tax rules and how your entity is structured, there are often credits and incentives worth pursuing and many cannabis operators are leaving money on the table simply because these opportunities go unexamined.
Our specialists help clients identify overlooked credits and put smarter accounting methods in place, including:
Cannabis operators are often managing complex, multi-entity structures across multiple jurisdictions and doing it with finance systems that weren’t built for the industry’s unique compliance and reporting demands. We help clients streamline back-office operations, automate manual processes, and put the right technology and reporting infrastructure in place so your finance function can keep pace with your growth instead of holding it back.
Cannabis deal activity continues to be strong, and more transactions are on the horizon. Unlike most industries, where valuation is anchored to a multiple of EBITDA, cannabis companies are frequently valued on a multiple of revenue and that multiple varies significantly depending on state and vertical. While there’s growing momentum toward EBITDA-based valuation as the industry matures, revenue and top-line growth remain the primary lens through which most cannabis businesses are valued today.
Our team supports both U.S. and Canadian clients navigating IFRS and U.S. GAAP reporting requirements. While a plant-touching valuation shares much in common with valuing any other business, it also demands close attention to industry-specific factors cost of capital, the impact of Section 280E, a fast-shifting regulatory backdrop, and the added uncertainty that comes with projecting cash flows in this space.
We offer a full range of accounting, financial, and consulting services designed to give cannabis and hemp businesses the insight they need to grow with confidence.
We’re here to help you simplify accounting and achieve financial success. Whether you need tax planning, bookkeeping, payroll, or business consulting, our team is ready to provide personalized solutions. Fill out the form below or reach us by phone or email—we’ll respond promptly and guide you every step of the way.
82-84 E Main St Unit 5, Patchogue, NY 11772, USA
Michael@verderosacpas.com
631-657-6957
Book Your Private Consultation with Michael Verderosa Online.