Microsoft (MSFT) Enters First Marijuana-Related Partnership with KIND Financial

June 16, 2016 12:15 PM EDT

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KIND Financial, the leader in technology for cannabis compliance, announced the launch of KIND Government Solutions with Microsoft (Nasdaq: MSFT) to acquire government-facing contracts for seed to sale tracking.

Microsoft selected KIND to participate in its newly created Microsoft Health and Human Services Pod for Managed Service Providers. The goal of this relationship is to leverage each company's resources to provide State, County, and Municipalities with purpose built solutions for track and trace ('seed to sale' in the cannabis industry) technology.

Matt D. Cook, Colorado's former Senior Leader of Colorado's Medical Marijuana Enforcement Division and author of Colorado's groundbreaking medical marijuana laws and regulations, will serve as KIND's 'Special Advisor on Government Matters.' Cook stated, "It is an honor to advise KIND Government Solutions as it helps governments tackle the issue of cannabis compliance. As a regulatory expert in the legal cannabis industry, I have chosen KIND Government Solutions as my preferred choice for track and trace solutions. In my opinion, their technology offers the most advanced software solution available and it provides government with critical tools to ensure transparency and accountability, which is imperative for government agencies managing a successful cannabis program."

Kimberly Nelson, Executive Director State and Local Government Solutions from Microsoft said, "KIND's strategic industry positioning, experienced team and top-notch-technology running in the Microsoft Azure Government cloud, made for an easy decision to align efforts. KIND agreed that Azure Government is the only cloud platform designed to meet government standards for the closely regulated cannabis compliance programs and we look forward to working together to help our government customers launch successful regulatory programs."

KIND's Agrisoft Seed to Sale for Government is the core of KIND's platform for governments and regulatory agencies to regulate and monitor all aspects of cannabis compliance. Agrisoft Seed to Sale for Government collects and monitors the critical data needed to track compliance with the state and jurisdictional rules, laws and regulations governing cannabis-related businesses. "No one can predict the future of cannabis legalization, however, it is clear that legalized cannabis will always be subject to strict oversight and regulations similar to alcohol and tobacco; and, KIND is proud to offer governments and regulatory agencies the tools and technology to monitor cannabis compliance," said KIND Financial Founder & CEO David Dinenberg, "I am delighted that Microsoft supports KIND's mission to build the backbone for cannabis compliance."

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