Industry Press
back

Microsoft Is Getting Into The Legal Marijuana Business

Yahoo Tech Tumblr by Libby Plummer | June 17, 2016

Tech giant Microsoft has teamed up with a Californian start-up company that tracks the sales of legalised marijuana.

Kind Financial, which has been in business for three years, sells marijuana tracking software to businesses and governments.

Microsoft is the first major tech company to invest in the rapid legalisation of cannabis in the U.S.

Kind will use Microsoft’s cloud platform to expand its software for ‘seed to sale tracking’ at government agencies.

Microsoft’s tech is “the only cloud platform designed to meet government standards for the closely regulated cannabis compliance programs,” said the company’s Kimberly Nelson, Executive Director State and Local Government Solutions.

Microsoft is based in Redmond, Washington state, where marijuana is legal.

The drug is legal for both medical and recreational use in just a few U.S states, including Alaska and Colorado, through restrictions apply.

Marijuana is also legal in Washington D.C, but only for medical use.

Earlier this week, Microsoft announced its acquisition of careers networking site LinkedIn for $26.2 billion in one of the biggest deals in tech history.

MDM on CSE:
thecse.ca
| MRPHF on OTCQB:
otcmarkets.com
| 2M0 (zero) on FSE:
boerse-frankfurt.de