Microsoft to offer marijuana tracking in partnership with Kind Financial
What has become the topic of discussion is that Microsoft, a tech company, has forayed into the world of weed, even if the company is based in Washington state that has passed laws for legal marijuana.
Microsoft Corporation will only work with the Kind’s “government solutions” division to offer the service to state agencies.
Kind Government Solutions Software supported by Microsoft Azure Cloud, mutually developed by Microsoft and KIND would assist Government in controlling and analyzing Marijuana programs that would guarantee clarity and liability. The tech giant is dipping its toes in the marijuana industry, partnering with a startup company that will track legal marijuana to make sure everything is in compliance with regulations from “seed-to-sale”. Kind’s Agrisoft Seed to Sale for Government platform, which enables government agencies to track compliance with jurisdictional regulations, forms the basis of the offering. Being on the cloud platform would mean that they will be able to interact with federal agencies with distinct security protocols. This software collects and monitors data that governments need to maintain compliance with the strict and varying rules, laws, and regulations of marijuana-related businesses for each state. With the partnership in place, KIND Financial will be running new software for governments in Microsoft’s cloud Azure. He added that he was “delighted that Microsoft supports Kind’s mission to build the backbone for cannabis compliance”. But for the young and eager legalised weed industry, Microsoft’s willingness to attach its name to any part of the business is a big step forward.
Matthew A Karnes, the founder of Green Wave Advisors said, “It’s very telling that a company of this calibre is taking the risk of coming out and engaging with a company that is focused on the cannabis business”. States like Washington, New Mexico, and IL now depend on start-ups similar to Kind to monitor marijuana sales. Its recreational use is already legal in several states, and a few more, including the state of California, will go to vote on it this fall.