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Microsoft enters into drug business

Microsoft enters into drug business

The world largest software developer, Microsoft has now entered the lucrative business of drugs, legal drugs though as it becomes the first company announcing a partnership to begin offering software that tracks marijuana plants from “seed to sale.”

Breaking the corporate taboo, the move by Microsoft came as states in USA, continues to legalize marijuana. According to USA Today, Microsoft is welcoming Los Angeles-based Kind Financial onto its Azure Government cloud platform, and will help it market its software to local and state government agencies that monitor marijuana growers or distributors for compliance with regulations involving pot production and sales.

“Thanks to Microsoft’s huge reach, it’ll be easier for us to target every state with our compliance solutions,” says Kind CEO David Dinenberg. “It’s a win-win for both of us as more states look to legalize medical marijuana.”

The New York Times reported that Microsoft will be working with Kind’s “government solutions” division, and will offer software only to state and local governments, which are trying to build compliance systems.

“Nobody has really come out of the closet, if you will,” said Matthew A. Karnes, the founder of Green Wave Advisors, which provides data and analysis of the marijuana business. “It’s very telling that a company of this caliber is taking the risk of coming out and engaging with a company that is focused on the cannabis business.”

Copyright Business Recorder, 2016

Courtesy : BRecorder



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