HP is the latest mainstream company to enter the legal cannabis industry in an effort to improve customer transactions.
The popular tech giant is partnering with the Denver-based business Flowhub to create a cash register system for marijuana dispenaries, reports Bloomberg.
“The largest amount of friction in the (cannabis) industry today is the lack of understanding around compliance for dispensaries,” said Flowhub’s chief executive officer Kyle Sherman in an interview with The Cannabist. “I think this will simplify the decision-making process for them.”
The partnership will meld HP’s point-of-sale ElitePOS hardware with cannabis compliance software provided by Flowhub. The new devices will allow shops to do away with the tablets and computers that were once used to conduct transactions.
“You’re getting something that’s proven from a company that’s proven,” Sherman added.
HP is not the first major tech company to enter the legal cannabis industry. Microsoft’s 2016 partnership with the Los Angeles-based startup Kind created track-and-trace software that helped businesses fall in…