BY ELISABETH PERLMAN
Microsoft has forged a partnership with LA-based marijuana software company Kind Financial to track legal sales of the drug.
On Thursday, Microsoft, the multinational technology
company, announced that it had joined forces with a California-based start-up
in the first partnership of its type. The start-up, KIND Financial, launched in
2013, helps the cannabis industry to “transact safely, securely and remain in
compliance from seed to sale,” according to its website.
The start-up will use Microsoft's cloud platform called Azure to help clients
navigate regulations and monitor legal cannabis sales.
“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
and CEO David Dinenberg in a statement. “I am delighted that Microsoft supports KIND’s
mission to build the backbone for cannabis compliance.”
Twenty-five states in the U.S. have legalized
cannabis, including Washington, where Microsoft is based. A Microsoft
spokeswoman, Kimberly Nelson said the company was
looking forward to working with KIND "to help our government customers
launch successful regulatory programs."
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