Uber CEO Says His Company May Go Into The Delivery Of Cannabis

Uber could start delivering cannabis as soon as federal regulations allow it

Uber could embark on cannabis delivery, CEO Dara Khosrowshahi told Monday CNBC "When the road is clear for cannabis, when federal laws come into play, we will absolutely look into the matter," Khosrowshahi said in a Tech Check interview. For now, the company has said it will focus efforts on its current delivery options in its key categories such as food and alcohol.

The Uber app will test entry into the cannabis delivery arena as soon as it is legally permitted, the company's CEO said in an interview this week.

Marijuana remains illegal under federal law, but some lawmakers have expressed willingness to change policy. In recent years, the federal government has allowed states to legalize this drug without much interference. To date, 16 states, as well as the District of Columbia, have legalized recreational cannabis.

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New York is the latest state to legalize recreational marijuana, with Governor Andrew Cuomo signing the law on March 31. The law also allows the delivery of marijuana products. Currently, cannabis delivery services are available without restriction in California, Nevada, and Oregon for people 21 years of age or older.

For now, the company has said it will focus efforts on its current delivery options in its key categories, such as food and alcohol.

“We see so many opportunities, and we will focus on those opportunities,” Mr. Khosrowshahi said.

Uber stock jumped more than 2% on Monday, after the company posted a record number gross bookings for the month of March, indicating a resumption in demand for its public transport business.

Tags : Business

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