- The global cannabis market is expected to reach $27.7 billion in 2022, growing at a CAGR of 24.3% through 2027, resulting in an anticipated value of $82.3 billion during the
- forecast period
- REZYFi is positioned as one of the first cannabis mortgage bankers in the United States, using its experience, independent network of brokers, and proprietary technology, to expand alternative financing options in the industry
- The company is currently licensed in 36 states with plans to expand in the future
California began paving the way for cannabis-related businesses in 1996 when voters passed the Compassionate Use Act, legalizing the medicinal use of cannabis. Today, the state has legalized medicinal and recreational use and offers resources for businesses looking to gain traction in the industry. The California cannabis industry is highly regulated to ensure businesses operate safely, provide contaminant-free products, inform purchasers, and keep cannabis away from children. The state has established statutes, regulations, and ordinances that work together to build and protect the cannabis industry for businesses and consumers.
Although cannabis is becoming accepted at the state level, there are still hurdles the industry must overcome due to federal regulations – primarily in the traditional banking industry. To succeed, businesses require the use of financial institutions to pay for expenses, save money, manage risk, finance operations, and more, financing which can be difficult for cannabis-related businesses to obtain.
The cannabis market is expected to reach a global value of $27.7 billion in 2022. By 2027, research indicates that this value could grow to $82.3 billion at a CAGR of 24.3% (https://nnw.fm/17hwQ). The market’s growth is attributed to legalization, with cannabis-related tourism expected to drive the trends of cannabis-related product offerings and destinations offering mass appeal to Gen Z consumers.
REZYFi, a growth mortgage origination and specialized financing company, is positioned as one of the first cannabis mortgage bankers in the US, an area most traditional lenders are reticent to serve. The company operates through two wholly-owned subsidiaries – REZYFi Lending and ResMac Inc. – offering solutions for emerging real estate-related financing opportunities and traditional mortgage origination, correspondent, and servicing.
The company is using its corporate strengths as pillars for success:
Experience – a seasoned management team leads REZYFi with expertise spanning a wide range of real estate and financing subsectors. The team members also have extensive experience in the cannabis and hemp marketplace, which they intend to leverage as it navigates the changing landscape of the cannabis industry while sourcing the best opportunities.
Independent Broker Network – REZYFi has created an extensive network of independent mortgage-related brokers and licensed loan officers over the past five years. The company believes this network will be vital as they move forward in the mortgage and cannabis-related sectors. The company is working on training network members on its new service offerings, with many of them already launching sales efforts.
Proprietary Technology – REZYFi has invested heavily in designing, building, and implementing proprietary automated/machine learning technology that helps shorten loan processing timeframes and increase efficiency. This allows REZYFi to operate its legacy business at staffing levels below that of its competition.
REZYFi is currently licensed in 36 states, with plans to extend coverage to the remaining states in the future.
For more information, visit the company’s website at www.REZYFi.com.
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://nnw.fm/REZY
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
