- The USDA is set to include hemp data in its 2022 Census of Agriculture, another indication of the ongoing growth in support of the overall cannabis industry, benefitting related mortgage origination and financing company REZYFi, Inc.
- The legal marijuana industry is set to hit 53% in 2026, a 60% growth, with international legal marijuana sales expected to hit $130 billion by 2030
- REZYFi is confident that this move by the USDA will yield further growth in the cannabis sector, supporting demand for its product offerings as it expands to additional states throughout the U.S.
In 2014, the Farm Bill, regarded as a monumental step towards the legalization of hemp and marijuana, opened the door for the Hemp Research Pilot Program. The program would allow for hemp cultivation for research purposes, kickstarting a budding multi-billion-dollar industry. The 2018 Farm Bill expanded on the provisions offered by the 2014 Farm Bill, further establishing the Domestic Hemp Production Program and even pushing for the amendment of the Agricultural Marketing Act. This program was administered by the United States Department of Agriculture (“USDA”) (https://ibn.fm/cU5sB).
In what marks another notable move in the right direction, the USDA is set to include hemp data in its 2022 Census of Agriculture. It is noted that with this inclusion, the organization is pushing the conversation around hemp and marijuana forward. It also signals the eventual integration and support of the overall cannabis industry (https://ibn.fm/5nwGL). With this support, various companies within the sector are set to benefit, REZYFi being one of them.
REZYFi is a growth mortgage origination and specialized financing company based in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings, targeting licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related and additional mortgage-based financing.
It is estimated that by 2026, the legal marijuana industry will have grown by 60% to hit $53 billion, with total international legal marijuana sales expected to hit $130 billion by 2030 (https://ibn.fm/Zpb2F). This growth will have a positive financial upside, down to a state level, as evidenced by Arizona’s $284 million tax revenue collection since it legalized marijuana. Additional upsides will include increased investment opportunities, job growth, and savings (https://ibn.fm/8g9Rf).
REZYFi is banking on the federal legalization of this product. Its management is optimistic that this recent move by the USDA to include hemp data is a step in the right direction. More importantly, the company understands that this inclusion gives farmers a voice in the matter and the power to influence policy in a way that would favor the industry’s growth.
“The 2022 Census of Agriculture is a powerful voice for American Agriculture,” noted Tom Vilsack, the Agriculture Secretary.
“The information gathered through the ag census influences policy decisions that will have a tremendous impact on ag producers and their communities for years to come. This is your opportunity to share your voice, uplift the value and showcase the uniqueness of American agriculture,” he added.
Freddie Mac, a home loan mortgage corporation, projected a 10.4% increase in home prices in 2022 and a 5% bump in 2023 (https://ibn.fm/sOvEl). REZYFi notes that the cannabis industry is expected to paint a similar picture, which would be integral to its growth. The increasing support of the cannabis industry is proving more promising while presenting many growth opportunities for companies such as REZYFi. As such, the company is confident that it will continue experiencing growth as the demand for its offerings continues to grow and as it also expands to various states within the country.
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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