Ofcourse they can lease the property out if they are the owner of the property after conducting a sale-lease back transaction.
This IS the line of business that Bangi Inc is in and they obviously have a team of skilled real estate attorneys on this.
Bangi acquires and leases real estate assets in the cannabis, hemp and CBD industries and they recently were designated as a Qualified Opportunity Fund with the filing of Form 8996 with the Internal Revenue Service.
Do you really think the IRS would have approved their submission if they were violating state law?