Microsoft is working with KIND Financial, a startup in the legal cannabis industry, to built solutions to track and trace (‘seed to sale’ in the cannabis industry) technology in a bid to help governments tackle the issue of cannabis compliance.
Kind will run on Microsoft Azure Government cloud to help government customers launch successful regulatory programs. KIND’s platform helps governments and regulatory agencies regulate and monitor all aspects of cannabis compliance.
“No one can predict the future of cannabis legalization, however, it is clear that legalized 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 KIND Financial Founder & CEO David Dinenberg, “I am delighted that Microsoft supports KIND’s mission to build the backbone for cannabis compliance.”
Microsoft is not doing this to enter the legal weed business itself but it aims to sell its cloud platforms to the many startups and agencies that will be in this highly profitable sub-sector. Microsoft still bets big on enterprise solutions and the legal marijuana sub-sector is a growing one.
This week Monday the firm said it will buy LinkedIn for 26.3 billion to connect the over 400m professionals to better enterprise tools like Office365, Azure Cloud among others.