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Microsoft gets into the Cannabis business!

Category: News | Posted on Fri, June, 17th 2016 by THCFinder

microsoft-gets-into-the-cannabis-businessFirst social media, now marijuana -- Microsoft Corp. is so hip these days.

Three days after investing in LinkedIn Corp. LNKD, -0.19%  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, -0.47%  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.

Major brands have been mute on the controversial topic, but more have started to show their support as acceptance has spread. Last month, Walgreens Boots AllianceWBA, -0.70% posted a blog touting research showing the benefits of medical marijuana, which is now legal in 24 states.

The legal marijuana industry is expected to balloon in coming years. Sales of legalized marijuana are projected to hit $6.7 billion this year, compared with $5.4 billion a year ago, according to industry tracker ArcView Market Research.

Read more: http://www.marketwatch.com/story/microsoft-gets-into-the-weed-business-2016-06-16


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What strain are you smoking on today?

Category: Fun | Posted on Fri, June, 17th 2016 by THCFinder


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Senate Appropriators Vote To Open Banking For Marijuana Businesses

Category: News | Posted on Fri, June, 17th 2016 by THCFinder

congress medical marijuanaA U.S. Senate committee voted today in support of opening up banking services to state-legal marijuana businesses. By a vote of 16-14, the Senate Appropriations Committee passed an amendment to the Financial Services and General Government Appropriations bill, forbidding the use of federal funds to penalize financial institutions that serve marijuana businesses operating legally under state law. The amendment was offered by Sen. Jeff Merkley (D-OR).

“For the second year in a row, the Senate’s budget writers have voted to address the banking crisis facing our industry,” said National Cannabis Industry Association executive director Aaron Smith. “Access to basic banking services is one of the most critical challenges facing legal cannabis businesses and the state agencies tasked with regulating them.”

“While an appropriations amendment isn’t a permanent fix to the banking problem, it is a significant step to correct a dangerous and unfair burden on responsible small-business owners and regulators.

“Bipartisan coalitions in both chambers have supported these reforms. It’s time to make them the law of the land.”

Read Morehttp://www.theweedblog.com/senate-appropriators-vote-to-open-banking-for-marijuana-businesses/:


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A Million Ways to Die in the West - Special Cookie

Category: Videos | Posted on Fri, June, 17th 2016 by THCFinder


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