Microsoft to help track legalised marijuana sales
Microsoft has teamed up with Kind Financial, which helps businesses and government agencies track sales of legalised marijuana.
It is the first partnership of its kind for Microsoft, who are based in Washington where cannabis is legal.
Kind has been selling its marijuana tracking software to businesses and governments for some three years.
A press release by Kind explained that its software, called Agrisoft Seed to Sale, will now work on Microsoft’s government cloud and is intended to close the loop between marijuana-related businesses, regulatory agencies and financial institutions.
“Kind Financial is building solutions on our government cloud to help these agencies regulate and monitor controlled substances and items, and manage compliance with jurisdictional laws and regulations,” a Microsoft spokesperson explained.
Kind said that Microsoft was the only company with a cloud platform “designed to meet government standards for the closely regulated cannabis compliance programmes”.
Microsoft said it was looking forward to working with Kind “to help our government customers launch successful regulatory programs.”