Microsoft has announced that it will be partnering with startup KIND to create a system used for tracking the legal growing and sale of marijuana.
“The goal of this relationship is to leverage each company’s resources to provide State, County, and Municipalities with purpose built solutions for track and trace (‘seed to sale’ in the cannabis industry) technology,” KIND said in a statement.
“No one can predict the future of cannabis legalization, however, it is clear that legalized cannabis will always be subject to strict oversight and regulations similar to alcohol and tobacco; and, KIND is proud to offer governments and regulatory agencies the tools and technology to monitor cannabis compliance,” said KIND Financial Founder & CEO David Dinenber.
“I am delighted that Microsoft supports KIND’s mission to build the backbone for cannabis compliance.”
This is the first major American corporation to acknowledge the sale of legal Marijuana, reports the New York Times.
“The company’s entry into the government compliance side of the business suggests the beginning of a legitimate infrastructure for an industry that has been growing fast and attracting lots of attention, both good and bad”.
Do you think this a progressive step forward for Microsoft or simply a misstep? Let us know in the comments below and in our forums.
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