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| Microsoft enters a groundbreaking joint partnership with legalised cannabis sales tracking company | |
| (about 9 hours later) | |
| Microsoft is partnering with a software company that supports the cannabis industry, marking the first time a major company has put its money behind legal weed. | Microsoft is partnering with a software company that supports the cannabis industry, marking the first time a major company has put its money behind legal weed. |
| Microsoft is teaming up with Kind Financial, a Los-Angeles based start-up founded in 2013. Kind’s mission is to make it easier for marijuana related businesses to make safe and secure transactions, within the law. | Microsoft is teaming up with Kind Financial, a Los-Angeles based start-up founded in 2013. Kind’s mission is to make it easier for marijuana related businesses to make safe and secure transactions, within the law. |
| Kind will be running a new software for governments in Microsoft's cloud, Azure | Kind will be running a new software for governments in Microsoft's cloud, Azure |
| Analysts have said that the move could be an important step as marijuana becomes accepted as a legal drug in the US. | Analysts have said that the move could be an important step as marijuana becomes accepted as a legal drug in the US. |
| David Dinenberg, Kind’s CEO, said no one can predict the future of cannabis legalisation. | David Dinenberg, Kind’s CEO, said no one can predict the future of cannabis legalisation. |
| He expects that the industry will always be subject to strict oversight and regulations similar to alcohol and tobacco. | He expects that the industry will always be subject to strict oversight and regulations similar to alcohol and tobacco. |
| “Kind is proud to offer governments and regulatory agencies the tools and technology to monitor cannabis compliance. | “Kind is proud to offer governments and regulatory agencies the tools and technology to monitor cannabis compliance. |
| “I am delighted that Microsoft supports KIND's mission to build the backbone for cannabis compliance,” Dinenberg said. | “I am delighted that Microsoft supports KIND's mission to build the backbone for cannabis compliance,” Dinenberg said. |
| A Microsoft spokesperson told the Independent that the company is supporting governement customers and partners to help them meet their missions. | A Microsoft spokesperson told the Independent that the company is supporting governement 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,” Microsoft said. | "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,” Microsoft said. |
| The Independent has contacted Microsoft for additional comment. | The Independent has contacted Microsoft for additional comment. |
| Bill Gates, Microsoft founder, voted for the legalisation of marijuana in Washington, his home state. | Bill Gates, Microsoft founder, voted for the legalisation of marijuana in Washington, his home state. |
| “It's an experiment, and it's probably good to have a couple states try it out to see before you make that national policy,“ he told Buzzfeed in 2014. | “It's an experiment, and it's probably good to have a couple states try it out to see before you make that national policy,“ he told Buzzfeed in 2014. |
| Alaska, Colorado, Oregon, Washington state, and Washington DC, have already legalised recreational, as well as medical, marijuana for adults. Twenty more states have legalised marijuana for medical use only. | Alaska, Colorado, Oregon, Washington state, and Washington DC, have already legalised recreational, as well as medical, marijuana for adults. Twenty more states have legalised marijuana for medical use only. |
| A recent study carried out by a panel of experts including scientists, academics and police chiefs, called for the UK to follow the lead of some US states and allow the sale of cannabis to over-18s in licensed retail stores. | A recent study carried out by a panel of experts including scientists, academics and police chiefs, called for the UK to follow the lead of some US states and allow the sale of cannabis to over-18s in licensed retail stores. |
| Legalising the sale of cannabis in specialist shops would generate £1bn a year in tax revenue and reduce the harm done to users and society, the report said. | Legalising the sale of cannabis in specialist shops would generate £1bn a year in tax revenue and reduce the harm done to users and society, the report said. |