Kind Financial is the American startup developing the software which helps konoplevoda to monitor the stocks to monitor changes in the legislation and to process transactions.
2016: Cooperation with Microsoft
In June, 2016 Microsoft announced the conclusion of the partnership agreement with Kind Financial therefore the American software giant became the first large IT company which entered the market of legal trade in marijuana.
Within cooperation of Microsoft will help Kind Financial to carry out inventory of goods and to fulfill transactions via the program systems. Microsoft will be engaged in marketing and promotion of software products which are made by Kind Financial and also will create technology infrastructure for functioning of business in the field of marijuana distribution.
Kind Financial hopes that Microsoft will help to sell startup software to private companies and public institutions which are engaged in control over producers and distributors of marijuana, including regarding compliance of their activity to the laws regulating production and sales.
As of June, 2016 marijuana is under a ban in the USA at the federal level, however its use in the medical purposes is legalized almost in half of states. Moreover, in such states as Colorado, Alaska, Oregon and Washington, the use of marijuana in the recreational purposes is legalized. Experts estimate the volume of the American market of legal marijuana at $8 billion by 2018.
To Microsoft any other American technology company did not decide to begin the business connected with trade in hemp, let and legal. However the high potential and strong growth of this market attract successful IT brands to this direction, The Washington Post notes.[1]
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