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Microsoft gets into the weed business

From an article on marketwatch.com

“First social media, now marijuana — Microsoft Corp. is so hip these days.

Three days after investing in LinkedIn Corp. LNKD, -0.35%  in a record-setting $26 billion deal, the company announced its first venture into the world of marijuana, striking a partnership with KIND Financial to provide seed-to-sale software to state and local governments for the management of cannabis commerce and distribution.

The deal makes Microsoft MSFT, -2.81%  one of the first major technology companies—and one of the first major publicly traded companies — to acknowledge the rapid legalization of marijuana, with recreational use already legalized in Alaska, Colorado, Oregon, Washington and Washington D.C., and up for vote soon in five other major states, including California.

Read the full article.