Cannabis has been one of the most-used drugs in the United States and the world at large for decades. Despite being prohibited until the early 2000s, cannabis had enjoyed top status as an extremely popular drug amid extremely strict policing and harsh sentencing. Now that dozens of U.S. states and territories have launched legal cannabis markets, access to cannabis among Americans has increased exponentially.

These days, cannabis is consumed in demographics that you would never even think of just a decade or two ago. While there’s a significant chance the person standing next to you at a concert is high, what other types of people use cannabis in America? Now that cannabis is legal in more than 30 states for medical use, millions of Americans are also using the controversial plant as an alternative treatment.

The result is an extremely diverse market that is represented by people of all age groups, religions and cultures. The stereotype of the “lazy stoner,” which was never true in the first place, is certainly unapplicable now. Cannabis users are everywhere these days; coworkers, friends and even grandparents use cannabis for various reasons.

Furthermore, cannabis users are just as or even more likely to engage in physical exercise compared to nonusers, a June 2021 study revealed. The research stated that the stereotype of sedentary, Cheeto-covered stoners is not supported by data from young and middle-aged adults who use cannabis. In fact, a study by the University of Colorado Boulder found that 80% of cannabis users work out while they are high.

In addition, 70% said the drug increased enjoyment during their workouts, 78% said it boosted recovery times and 52% said it increased their motivation. Another study also found that older adults who consumed cannabis worked out more than those who didn’t, maybe because marijuana has the ability to ease the pain and inflammation that make exercise more difficult for older adults.

Democrats also make up the bulk of cannabis smokers, with 20% of left-leaning Americans reporting that they smoke cannabis compared to just 12% of Republicans. On the leadership side, both Republican and Democratic lawmakers are becoming increasingly open to cannabis reform, suggesting that the right may be just as in favor of marijuana reform as the left in the future.

Cannabis use among baby boomers has been on the rise as well, with NYU School of Medicine Professor Benjamin Han revealing that 4% of adults aged 65 and over have used cannabis in the past year compared to 0.4% 10 years ago. Marijuana consumption among women has also seen an uptick, with NBC News reporting that cannabis sales among gen Z women grew by 151% year over year in 2020. According to Brightfield Group managing director Bethany Gomez, the future of cannabis is female.

You can bet that established entities such as Prime Harvest Inc. are paying close attention to the changing marijuana consumer dynamics and designing their future operational strategies based on their projections of how they can best serve this new client base.

NOTE TO INVESTORS: The latest news and updates relating to Prime Harvest Inc. are available in the company’s newsroom at https://cnw.fm/PRIME

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Cannabidiol (CBD) is a chemical compound largely produced by hemp, a plant from the cannabis family. However, unlike the marijuana plant, hemp is not intoxicating because it usually contains little to no levels of the psychotropic compound delta-9 tetrahydrocannabinol (THC). CBD’s main claim to fame is that it is said to have potent medical properties. Initial studies have found that the compound may be able to alleviate chronic pain, anxiety and insomnia, among other things.

Cannabidiol has grown exceedingly popular in recent years due to its purported medical benefits coupled with the fact that it can be consumed in a variety of different form factors. However, despite the runaway popularity of CBD products, the CBD market is barely regulated.

While some states have legalized CBD products, federal law still outlaws CBD-infused products such as sodas, cold brew coffee and sparkling water. The result is a patchwork of state-level CBD laws for a market that is already estimated to be worth hundreds of millions of dollars.

Federal prohibition has also proven to be a challenge to the CBD-infused segments, with some experts saying that it may be a while before we see CBD-infused food products in major stores such as Target or Walmart.

Although CBD became legal when the 2018 farm bill legalized the cultivation and sale of industrial hemp and its extracts, federal law has outlawed CBD-infused foods. This is because CBD is an active ingredient in Epidiolex, a medication that is used to treat seizures in pediatric epilepsy. As per federal law, cannabidiol cannot be infused into dietary supplements and foods for interstate trade because it has been used as an active ingredient in an approved drug.

The Ohio State University College of Medicine internal medicine professor Dr. Harrison Weed states that this makes it much harder to lace foodstuffs with medications. However, while the FDA’s approval of Epidiolex was historic, it essentially made the cannabis-infused food segment illegal at the federal level. THC is also illegal at the federal level partly because it is used as an ingredient in FDA-approved drugs Syndros and Marinol.

At the moment, Weed notes that the regulatory agency could use its authority to regulate CBD- and THC-infused products. The FDA’s only actions so far regarding the cannabis-infused foodstuffs segment have been to send warning letters to companies that were selling CBD-infused food products.

Center for Medical Cannabis Education founder and medical director Jamie Corroon stated that the FDA is still unsure of the safety of CBD as a dietary supplement and food additive.

It is this regulatory gray area at the federal level that is also making it difficult for cannabis companies to access banking services, although a number of innovative companies, including REZYFi Inc., are coming up with ways to avail the funding that marijuana-industry players need to sustain and even grow their enterprises.

NOTE TO INVESTORS: The latest news and updates relating to REZYFi, Inc. are available in the company’s newsroom at https://cnw.fm/REZY

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Illicit cannabis operators have raked in big bucks over the past couple of decades despite strict prohibitionist laws. By 2019, the illicit market in California, the largest cannabis market in America, was worth an estimated $8.7 billion.

Even as more states legalize recreational cannabis use and dozens launch medical cannabis markets, the illicit market has proven to be too tough an opponent to beat. Most of the cannabis sales in America are still underground, funding an illicit billion-dollar industry that significantly contributes to water waste and harms the environment. Black market sales also deny states tax revenue and funnel cash to the criminal organizations behind the illicit market.

Consequently, lawmakers across the country have been keen on impeding the progress of the illicit cannabis industry. A bipartisan pair of congressmen have now filed a new bill that aims to eliminate the use of unauthorize pesticides in illegal marijuana grows in states that allow cannabis and those that don’t.

Black market cannabis growers regularly use toxic chemicals to keep their plants pesticide free. In California, the dangerous chemicals used on illegal cannabis firms hidden in forests are leaching into the ground and contaminating streams and rivers that are crucial to the state’s water supply.

The new bill, which was introduced by Representatives Doug LaMalfa and Scott Peters, will try to address this concern by providing up to $250 million in funding to the U.S. Forest Service. The USFS would use this funding to increase criminal penalties for people who use dangerous chemicals in illicit cannabis grows and to remediate areas where outlawed chemicals have been used in illegal cannabis cultivations.

The Toxic Act would levy a maximum punishment of up to $250,000 in fines and up to 20 years of imprisonment for the use of outlawed pesticides in illicit cannabis grows.

Peters stated in a press release that it was our habitats, wildlife and public health that paid the price when illicit growers used banned pesticides in their operations. He added that these dangerous chemicals posed a significant danger to endangered animal species such as spotted owls, highlighting that Forest Service agents also unknowingly interacted with the chemicals and consumers also eventually consumed the pesticide-contaminated cannabis.

Peters then noted that the Toxic Act would allow the federal government to leverage all available resources to address the harm caused by the banned pesticides that are smuggled across America’s southern border.

Hopefully, this bill will be passed and implemented so that legitimate marijuana companies such as American Cannabis Partners don’t have to be in an unbalanced contest in the market with illicit suppliers of cannabis products.

NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://cnw.fm/ACP

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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• REZYFi is a specialized financing company in the U.S., originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties
• Target markets include 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 first and additional mortgage-based financing
• Currently licensed in 36 states, with plans for expansion into all states, REZYFi is leveraging its experience, a network of independent brokers, and proprietary technology, to enhance its offering within target markets
• REZYFi operates through two wholly-owned subsidiaries – REZYFi Lending and ResMac, Inc. – offering financial services and direct lender/originator options across a large network of correspondents

The cannabis industry overall has been experiencing significant growth, with double-digit rates, and companies are competing to gain a significant market share. Leading players in the cannabis market are undertaking inorganic growth strategies, including expansions, investments, and acquisitions, to increase their profits and share of the market. The worldwide market is expected to be valued at $27.7 billion in 2022 and projected to reach $82.3 billion by 2027, recording a CAGR of 24.3%, driven by the increased legalization of cannabis for recreational and medical purposes use in countries (https://cnw.fm/JhvVs).

Mortgage lender company REZYFi, servicing the needs of both traditional and non-traditional consumers and businesses, is positioned to be one of the first cannabis mortgage bankers in the United States – an industry where many traditional lenders are reticent to serve the state-licensed cannabis industry. REZYFi operates through two wholly-owned subsidiaries:

REZYFi Lending – leveraging a wide network to offer options such as 15- and 30-year fixed-rate loans, FHA loans, VA loans, reverse mortgages, jumbo loans, and adjustable-rate mortgages, REZYFi Lending expects increased funding in marketing and loan agents to drive origination growth over the next two years, which is supported by its planned launch of a high-margin cannabis division later this year.

ResMac, Inc. – in operation for 13 years, ResMac, Inc. allows REZYFi to operate as a direct lender and originator of residential mortgages, with active mortgage correspondent and mortgage servicing operations. ResMac primarily purchases and aggregates residential mortgages through its correspondent segment from trusted third-party originators. The subsidiary has closed more than 20,000 loans for more than 15,000 clients and expects to accumulate $285 million in retail origination in 2023.

With its corporate strengths, REZYFi’s diversified approach to the real estate lending sector positions it to capitalize on growth in multiple verticals due to its experience, a network of independent brokers, and proprietary technology. Led by a seasoned management team, REZYFi has been built from the extensive experience of its leaders in real estate, financing subsectors, and the cannabis and hemp marketplace. Over the last five years, management has developed an extensive network of independent mortgage-related brokers and is currently training the network members on the company’s new service offerings, with many already launching new sales efforts.

Currently licensed in 36 states, with plans to operate nationwide, REZYFi has invested heavily in designing, building, and implementing proprietary automated/machine learning technology to shorten loan processing timeframes and increase efficiencies. This allows the company to operate its legacy business at staffing levels meaningfully below its competitors. This unique advantage allows REZYFi to leverage its target markets and excel in areas where traditional banking institutions are still hesitant.

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://cnw.fm/REZY

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