CannabisNewsBreaks – REZYFi Inc. Ideally Positioned Amid Potential Marijuana Jurisprudence Changes
REZYFi, a growth mortgage originator and specialty finance company focused on the cannabis industry, is well positioned to benefit from recent efforts in the United States regarding marijuana. “In what experts describe as a move to follow through on some of his campaign promises, the president announced a blanket federal pardon for those incarcerated for possession of marijuana. Biden also instructed the Secretary of Health and Attorney General to initiate a process that could result in the rescheduling of marijuana, which is currently classified as a Schedule 1 drug, a category supposedly for substances with high potency. abuse and no medical use accepted. Several analysts believe that this decision… could give new impetus to federal marijuana reform. While not decriminalization, the rescheduling would be a win for the industry, executives say, as it would remove the issues associated with enforcing Section 280E of the tax code,” reads -on in a recent article. “The announcement and resulting process, which should benefit companies like REZYFi, comes at a time when Congress and the Senate are working on marijuana reforms. (The Senate, in particular, is poised to the first time to get Congress to act, according to Oregon’s 3rd District Rep. Earl Blumenauer.) Last fall, the U.S. House of Representatives passed the Secure and Fair Enforcement Act ( “SAFE”) Banking Act of 2021 for the fifth time since it was introduced in 2013. The House also passed the Marijuana Opportunity Reinvestment and Clearance (“MORE”) Act this spring. two bills have yet to pass the Senate or receive presidential assent, they are poised to add to marijuana case law if and when they do.
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About REZYFi Inc.
REZYFi is a cannabis-focused mortgage and specialty finance company in the United States. The company originates, structures and invests in first mortgages and alternative structured finance secured by commercial and residential real estate properties. For more information, visit the company’s website at REZYFi.com.
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