REZYFi, a growth mortgage origination and specialized financing company focused on the cannabis industry, is positioned to benefit from recent efforts in the U.S. with respect to 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. Multiple analysts reckon that the move… could drive a renewed push for federal marijuana reform. Though not a decriminalization, the rescheduling would be a win for the industry, according to executives, as it would remove the issues associated with the enforcement of Section 280E of the Internal Revenue Code,” reads a recent article. “The announcement and the resulting process, which are set to benefit companies like REZYFi, arrive at a time when both Congress and the Senate are working on marijuana reforms. (The Senate, in particular, is poised for the first time to be able to move on Congressional action, according to Oregon’s 3rd District Representative Earl Blumenauer.) Last fall, the U.S. House of Representatives passed the Secure and Fair Enforcement (‘SAFE’) Banking Act of 2021 for the fifth time since its introduction in 2013. The House also passed the Marijuana Opportunity Reinvestment and Expungement (‘MORE’) Act this spring. And although both bills are yet to pass the Senate or receive presidential assent, they are poised to enrich the marijuana jurisprudence if and when they do.”
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About REZYFi Inc.
REZYFi is a cannabis-focused mortgage origination and specialized financing company in the U.S. The company originates, structures and invests in first mortgage loans and alternative structured financings secured by commercial and residential real estate properties. For more information, visit the company’s website at REZYFi.com.
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