Bangi Inc (BNGI)

[NRS2005]

A Chicago-based marijuana company formed just last year is fetching an $850 million price tag

One of Chicago’s newest cannabis operators, Verano Holdings, is being sold to a marijuana company based in Phoenix for $850 million. The move comes as the nation’s marijuana industry heats up. Illinois pot companies, in particular, are making big moves to establish themselves. Last year, two companies debuted on a Canadian stock exchange, and another firm is set to be acquired for nearly $700 million.