Microsoft tries out marijuana: Teams up with cannabis startup by offering cloud platform
Microsoft selected Kind to participate in its newly created "Microsoft Health and Human Services Pod for Managed Service Providers,"
Microsoft on Thursday teamed up with a California startup on technology to track sales of cannabis seeds to local governments, a sign of growing acceptance of marijuana.
The deal with Kind Financial provides tracking technology for cannabis seeds to help keep products out of illegal markets.
Microsoft selected Kind to participate in its newly created "Microsoft Health and Human Services Pod for Managed Service Providers," according to a statement.
Kimberly Nelson, executive director of state and local government solutions from Microsoft, said the deal recognises that Microsoft's Azure "is the only cloud platform designed to meet government standards for the closely regulated cannabis compliance programs and we look forward to working together to help our government customers launch successful regulatory programs."
Kind's "Seed to Sale for Government" platform is used by governments and regulatory agencies to regulate and monitor all aspects of cannabis compliance.
"No one can predict the future of cannabis legalisation, however, it is clear that legalised 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 chief executive David Dinenberg.
"I am delighted that Microsoft supports Kind's mission to build the backbone for cannabis compliance."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:38 AM IST