Uber could begin delivering cannabis as soon as federal regulation permits the company to take action, CEO Dara Khosrowshahi advised CNBC on Monday.
“When the highway is evident for cannabis, when federal legal guidelines come into play, we’re completely going to check out it,” Khosrowshahi stated in a “TechCheck” interview.
Marijuana stays unlawful beneath federal legislation, however some lawmakers have expressed a willingness to vary coverage. The federal authorities has been permitting states to legalize the drug with little interference over the previous few years. And to date, 16 states, together with the District of Columbia, have legalized cannabis for leisure use.
New York is the newest state to legalize leisure marijuana, with Gov. Andrew Cuomo signing legislation March 31. The legislation additionally permits the delivery of marijuana products. Currently, cannabis delivery companies are available with no restrictions in California, Nevada and Oregon for people who find themselves 21 years of age or older.
For now, the company stated it will focus its efforts on its present delivery choices in its key classes equivalent to meals and alcohol.
“We see a lot alternative on the market, and we’ll deal with the chance at hand,” Khosrowshahi stated.
Uber inventory jumped greater than 2% on Monday, after the company posted record gross bookings for the month of March, indicating a pickup in demand for its ride-hailing enterprise.
