Microsoft decided to enter the US cannabis market
Market hemp legal in the US predict rapid growth in the coming years. This year, the turnover of the market will grow to $ 6.5 billion. This is $ 1.7 billion more than last year, and this amount could grow to $ 25 billion by 2020.
Microsoft became the first major company in the US, which has decided to make a contribution to the development of the hemp market. IT-giant it offered to promote the software that allows you to control the business of hemp cultivation phase and to sales of final products.
It is engaged in the development of a Los Angeles startup Kind, which Microsoft entered into a partnership agreement. The company will recommend a new software partner state authorities, which allowed the use of cannabis for medical or recreational purposes. Thus, IT-giant will sosposobstvovat development of hemp in the US market.
According to the Microsoft Kimberly Nelson, the company will promote the software at a conference for civil servants, and may eventually become a guest at special events for members of the hemp business.
Currently, the use of cannabis is allowed in one form or another in 25 states. In the fall a decision on the legalization of its application will be accepted in five states.
Experts predict a legal cannabis market rapid growth in the coming years. Matthew Carnes estimated from market research firm Green Wave Advisors, this year it will grow to US $ 6.5 billion. This is $ 1.7 billion more than last year. Moreover, Carnes predicts that this amount could grow to $ 25 billion by 2020 if industrial hemp is legal in California.
According to the analyst Green Wave Advisors, Microsoft has taken a big and bold step. "It is significant that the company of such caliber has decided to take the risk and bind themselves with a company dedicated to hemp business", - says Karens.
Information taken from the site http://tku.org.ua