Microsoft has built a new type of software that tracks marijuana ‘from seed to sale’ in various states in the US.
Working alongside Los Angeles-based weed company Kind, the tech giant has created the software product to help facilitate and track sales.
Think of it as a joint partnership.
“We do think there will be significant growth,” Kimberly Nelson, the executive director of state and local government solutions at Microsoft told the New York Times .
“As the industry is regulated, there will be more transactions, and we believe there will be more sophisticated requirements and tools down the road.”
Microsoft is the first big-name tech company to get involved in the cannabis market and the move could be seen as a risky venture.
Although legal for medical and recreational use in a handful of states, cannabis is still classed as illegal by the federal government.
At the moment, Microsoft is only providing software solutions for tracking the produce – but it’s involvement is still a big win for the legal weed business.
It remains to be seen whether other big US companies will invest in growing the green stuff. We don’t have high expectations.
This BBSNews article originally appeared on MintPress News.