REZYFi, Inc. Continues to See Opportunity in Serving Cannabis-Related Companies Amid Marijuana Rescheduling Efforts in the US
Nov 22, 2022
- REZYFi is a Miami, Florida-headquartered growth mortgage origination and specialized financing company that primarily targets licensed and permitted cannabis companies and owners of real estate who lease to cannabis companies
- Traditional banks are governed by federal law, which criminalizes marijuana; as a result, they are hesitant to offer financial services to cannabis businesses
- The President recently set a process in motion that could culminate in the rescheduling of marijuana, although given that this review will not actually decriminalize the substance, the status quo, which disadvantages cannabis companies, will remain
- REZYFi believes cannabis-related companies will continue to experience difficulties accessing financing from traditional banks, presenting a major opportunity
Last month, the President called for marijuana rescheduling by directing the Secretary of Health and Human Services and the Attorney General to “initiate the administrative process to review expeditiously how marijuana is scheduled under federal law” (https://cnw.fm/bMbfB).
Currently, marijuana is classified in Schedule 1 of the Controlled Substances Act of 1970, a category reserved for drugs that, according to the US Drug Enforcement Administration (“DEA”), have a high potential for abuse with no accepted medical use (https://cnw.fm/X32lP). In rationalizing his…
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://cnw.fm/REZY
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]
CannabisNewsWire is part of the InvestorBrandNetwork.
More News
Before Computer Science Became a Boys’ Club, Margaret Hamilton Wrote the Code
The woman who helped put astronauts on the moon was a software engineer when the field was not prestigious or lucrative.
Before Computer Science Became a Boys’ Club, Margaret Hamilton Wrote the Code
The woman who helped put astronauts on the moon was a software engineer when the field was not prestigious or lucrative.
Chinese developer makes ARTEX AI agent closed-source after Korean bank hack
SOUTHKOREA-CYBERATTACKS/DEVELOPER:Chinese developer makes ARTEX AI agent closed-source after Korean bank hack
21 Birds Are Found at Miami Airport Stuffed in Underwear and Hidden in a Belt
Two men, who arrived separately from Cuba days apart, each carried clutches of live birds concealed in their clothes, the authorities said.
Mystery man-made mounds in the Deep South are older than the Great Pyramid... and leave experts baffled over their creation
Nearly a dozen mysterious man-made mounds rise from the landscape of the Deep South, built long before Egypt's Great Pyramid.
Why are more roofs not made of solar tiles?
Solar tiles were touted as an attractive alternative to solar panels - why have they not taken off?
Why are more roofs not made of solar tiles?
Solar tiles were touted as an attractive alternative to solar panels - why have they not taken off?
Will El Niño and the polar vortex bring snow to the UK this winter?
The developing El Niño may impact the UK's weather prospects this autumn and winter but cold conditions are far from guaranteed.
Clinical Trial Indicates A.I. Chatbots Could Aid Urgent Care
Nearly 100 patients discussed their maladies with a Google bot, called AMIE, before meeting with physicians.
Flesh-eating bacteria pose threat to millions in path of Hurricane Isaias as it explodes into Category 2 storm
Hurricane Isaias is set to unleash life-threatening floods and winds on the US, but doctors are now warning millions in its path about flesh-eating bacteria.
What Are the Remaining Millennium Prize Problems?
OpenAI’s trove of new math results doesn’t fully solve any of these highly prestigious open questions, but it seems to make progress on some.
White House blocks Microsoft from foreign worker hiring programme
An international visa programme has for years allowed US tech companies to hire highly skilled workers from abroad.
Recommended
MORNING BID EUROPE-Feeding the AI beast
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.