- Marijuana sales are projected to hit $33 billion in 2022, up from $3 billion in 2015, and are on track to hit $53 billion by 2026
- REZYFi, a growth mortgage origination and specialized financing company, with target markets including the legalized cannabis industry, is set to be one of the key beneficiaries in this anticipated growth
- With the ongoing conversation around marijuana, along with the bipartisan support for its legalization, the company is optimistic that the demand for its products and services will see a spike as time progresses
- REZYFi still believes that financing options for cannabis-related firms will continue to be scarce, despite progress in marijuana legalization, presenting an opportunity for the company
Back in 2017, marijuana sales were valued at $9 billion. By the end of 2022, sales are projected to hit $33 billion, posting a 20% growth. The sector is also on track to hit $53 billion in sales by 2026 (https://ibn.fm/uAE7p). REZYFi, a growth mortgage origination and specialized financing company based in the United States, is set to be one of the key beneficiaries of this anticipated growth. Given its focus on licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, along with companies and individual homeowners seeking a variety of real estate-related and additional mortgage-based financing, the growth of the marijuana sector is bound to come with expanded market opportunities for the company.
For the longest time, cannabis-related businesses and companies have struggled to obtain financing from traditional banks. Federal law has forced traditional banks to shun such businesses, given that marijuana use is criminalized. However, with the ongoing conversation around marijuana, along with the bipartisan support for its legalization, REZYFi is optimistic that the demand for its products and services will see a spike as time progresses.
“REZYFi believes the demand for innovative financing offerings by players in the cannabis market will continue to grow as more geographic markets legalize recreational and medical cannabis usage, a belief that has fueled its expansion within the United States,” notes a recent article (https://ibn.fm/ysCHh). (https://ibn.fm/Jm8dk).
Despite progress in the legalization of marijuana, REZYFi still believes that financing options for cannabis-related firms will continue to be scarce, as traditional banks are slow to adapt to the changing environment. As a result, it reckons that these entities will continue to experience difficulties obtaining financing from these traditional sources, which, while a downside on the businesses’ part, is an opportunity for REZYFi.
So far, REZYFi is licensed in 36 states, with plans to expand into additional jurisdictions, hopefully within the coming year. With President Biden set to sign the first official stand-alone piece of marijuana legislation this month, the company anticipates a bump in demand for its offerings. In addition, the proliferating bipartisan marijuana legislation, coupled with the growing public support, highlights encouraging long-term momentum for the entire marijuana industry, which will be integral to REZYFi’s growth.
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://ibn.fm/REZY
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