This Mega-Cap Tech Company Has Made a Big Move Into MarijuanaBY MICHAEL A. ROBINSON
In the United States alone the sanctioned market for cannabis will reach $7.1 billion this year, up from $1.5 billion in 2013 – 373% growth in barely three years.
By 2020, the market for legal marijuana will top $22.8 billion.
Investment bank Ackrell Capital predicted in March that between 2016 and 2029 the market for marijuana will reach $100 billion – 1,308% growth.
In a move that USA Today described as “defining” and a “watershed industry moment,” tech giant Microsoft Corp. (Nasdaq: MSFT) revealed in June that it was dipping its toe into the legal marijuana trade.
Microsoft is getting in on the software side of the business. The company is partnering with a California startup called Kind Financial to help ensure that cannabis companies stay inside the legal lines.
Source: Strategic Tech Investor
http://strategictechinvestor.com/2016/0 ... marijuana/
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