- REZYFi is a mortgage origination and specialized financing company with a primary focus on providing senior loans and project financings to state-licensed operators in the cannabis industry
- The company operates through two wholly owned subsidiaries, REZYFi Lending and ResMac
- REZYFi is in a position to benefit from recent efforts by the Biden administration and the U.S. Congress to reschedule and decriminalize marijuana, respectively, with the moves expected to boost the cannabis industry
- The SAFE Banking Act of 2021 and MORE Act have passed the U.S. House of Representatives and are awaiting debate in the Senate; the two bills, if passed and assented to, will make it easy for cannabis companies to receive banking services and decriminalize marijuana
In what pundits describe as a move to follow through on some of his campaign promises, the President announced a blanket federal pardon for people incarcerated for marijuana possession. Biden also tasked the Health Secretary and Attorney General with initiating a process that could culminate in the rescheduling of marijuana, which is currently classified as a Schedule 1 drug, a category supposedly meant for substances with a high potential for abuse and no accepted medical use (https://cnw.fm/k2YZ7).
Multiple analysts reckon that the move, which sent shockwaves through the cannabis industry, triggering uptrends, albeit short-lived, in cannabis stocks and fueling speculation that it could open doors for more scientific research on cannabis, could drive a renewed push for federal marijuana…
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://cnw.fm/REZY
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