Microsoft Enters The Cannabis Business

A woman observes inspects a cannabis plant with a magnifying glass.  Microsoft recently announced the release of it's seed to sale software, making it the first major tech company to enter the lucrative marijuana market.

A woman observes inspects a cannabis plant with a magnifying glass. Microsoft recently announced the release of it’s seed to sale software, making it the first major tech company to enter the lucrative marijuana market.

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.

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This BBSNews article was syndicated from MintPress News, and written by Mirror. Read the original article here.