Cannabis Real Estate Firm BANGI Receives Michigan Hemp Production License

Nina Zdinjak

Fri, Jul 12, 2019, 11:54 AM

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Cannabis-oriented real estate firm BANGI, Inc (OTC: 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.

Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 — click here to learn more!

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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Cannabis Real Estate Firm BANGI Receives Michigan Hemp Production License

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