Microsoft's upcoming move is on the Marijuana industry, as the multinational technology company made it known that they will collaborate with LA-based Kind Financial on a software for tracking the sale and the legal growing of cannabis.
KIND, the company that centers on providing financial technology services to the marijuana industry, made a statement that Microsoft will work with them on software services for governments tracking legal weed. And the technology company will power the software through its Azure cloud computing service, The Verge reported.
The KIND Financial company also made it known that their partnership with Microsoft is to strengthen each company's resources to provide County, Municipalities and State with purpose built interpretations for track and trace technology.
The venture of Microsoft and KIND is significant for being a major corporation publicly making a strike into the still-developing industry. Despite Marijuana being approved for medical or recreational purposes in several states, it is still illegal federally in growing and selling weed, New York Times reported.
But locally, the Marijuana industry is already set to continue growing as more states in America took up the issue.
The executive director of state and local Government Solutions from Microsoft - Kimberly Nelson, explained why KIND company was chosen to be part in Microsoft's newly initiated Health and Human Services Pod for Managed Service Providers.
Nelson said in a statement, the strategic industry positioning, experienced team and top-notch technology of KIND to run the Microsoft Azure Government cloud, is an easy decision to put efforts in order, Information Week reported.
Nelson also mentioned how KIND concurred that Azure Government is the only cloud platform, which was formulated to meet government standards for Marijuana compliance programs.
KIND has been in the form of program for years, which ensures the marijuana business are in line with the trade's regulations, RT reported.
However, this public statement marks the first time Microsoft company has established a collaboration related to the legal marijuana industry.
