Pros and Cons: Microsoft Getting into the Weed Business

Microsoft, the multibillion-dollar behemoth that is the third best tech company on the planet, and is getting into the marijuana business — sort of.

On Thursday, Microsoft and a company called KIND Financial announced a partnership to help governments monitor controlled marijuana manufacturing from seed-to-sale. KIND specializes in solutions towards the cannabis industry, currently provides monitoring software in the shape of its Agrisoft Seed to purchase system. Microsoft selected a new KIND entity, KIND Government possibilities, to be involved in Microsoft’s cloud-based health insurance and Human Services Pod for Managed Service Providers.

Dispensaries like The Green Solution also runs on a seed-to-sale basis and has some of the most innovative systems to track all of its product.

The two businesses will now compete for agreements from governments looking to do seed-to-sale regulation of these burgeoning cannabis industries. Matt Cook, the previous Colorado Department of sales official that is senior published a few of the first federal government regulations in the united kingdom for medical cannabis organizations, will continue to work as a “special adviser on government matters” to KIND.

“In my experience, their technology provides the most software that is advanced available also it provides federal government with critical tools to ensure transparency and accountability, which will be imperative for government agencies handling a successful cannabis program,” Cook said in a declaration given by KIND.

The venture that is new just after marijuana reform reached a tipping point across the country. Previously this thirty days, Gov. John Kasich of Ohio finalized a bill that made their state the 25th to authorize a legal medical cannabis program. More than half the social people in the usa now inhabit circumstances where some type of cannabis is appropriate under state legislation, though cannabis remains unlawful for almost all purposes under federal legislation.

“No one could predict the continuing future of cannabis legalization,” David Dinenberg, KIND Financial’s creator and CEO, stated in a declaration. “However, its clear that legalized cannabis will be at the mercy of oversight that is strict regulations much like alcohol and tobacco, and KIND is proud to provide governments and regulatory agencies the equipment and technology to monitor cannabis compliance.”