Cannabis-oriented real estate firm BANGI, Inc BNGI announced Friday that it's one of the first companies to be issued an industrial hemp production license in the state of Michigan.
Bangi is a real estate company focused on acquiring specialized assets such as hemp and cannabis farms; its name means “hemp” or “marijuana” in Swahili.
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The license is an important step toward Bangi's goal of becoming a substantial provider of real estate, cannabis and cannabinoid products, Bangi Chairman and CEO Dr. Neil Parsan said in a statement.
“This license will enable the development and distribution of hemp cultivation and hemp-derived CBD production while also enhancing the overall value of certain properties that we are currently seeking to acquire and incorporate within the BANGI platform."
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