Continuing its strategy to get deeper into SMB and government agencies, Microsoft has announced a partnership with California-based technology startup Kind Financial to bring the marijuana business to the cloud. The partnership is a milestone for the nascent marijuana industry, with Microsoft becoming the first major corporation to take a shot.
Marijuana is still considered illegal by the US federal government. However, 24 states have legalized the substance for recreational or medicinal use.
Small companies like the California-based technology startup Kind Financials have been selling its marijuana tracking software to businesses and government agencies for almost three years. The Los Angeles, California-based company makes what it calls“Agrisoft Seed to Sale software,” which helps businesses and government agencies track sales of legalized marijuana from seed to sale.
The startup company is also providing software to government agencies to help them keep track of sales for taxation purposes and monitor regulatory compliance.
The Redmond-based software giant has told the UK-based BBC in an emailed statement that it supported “government customers and partners to help them meet their missions”.
“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,” the Microsoft spokesperson said in a statement, via the BBC.
The partnership strengthens Microsoft’s position in the cloud computing arena and deepens its relations with businesses and government agencies. The move also helps fuel Azure, Microsoft’s cloud business unit.
Microsoft is based in Redmond, Washington where cannabis trade is legal.
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