Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessWill Uber deliver cannabis? Yes when federal regulations allow

Will Uber deliver cannabis? Yes when federal regulations allow

Add to Favorite
Added to Favorite

 

On Monday, Dara Khosrowshahi, CEO of Uber told CNBC that Uber could begin delivering cannabis after federal regulation allows it to do so. Speaking at an interview with “Tech Check” the chief executive said that when the road was clear and when federal authorities passed laws enabling its delivery, the company would definitely look into the matter.

 

Uber currently delivers food and alcohol. It would look at ramping up its operations with the delivery of cannabis, when it is legally possible to do so. Khosrowshahi said that they were going to focus at the opportunity at hand (food and alcohol delivery) and that there was a lot of opportunity out there in the two key categories.

 

On Monday, Uber stock rose by 2 percent. The ride-hailing app had posted record gross bookings for March. The chief executive described it as “the best month ever.” He also said that Uber was on the path of profitability.

 

As more and more Americans are getting vaccinated and businesses are partly opening, demands for rides have gone up. Recently Uber and its rival Lyft have seen the demand increase while the supply was low as many drivers quit during the pandemic for various reasons. Both the ride-hailing businesses have offered drivers incentives and bonuses to join or rejoin their platforms.

 

Although there is no indication when cannabis will become a commodity that can be delivered, laws are slowly changing. States have been allowed to legalize the use of cannabis for both medical and recreational purposes.

 

Sixteen states in the nation have already passed cannabis laws, though their implementation may take time. New York’s Governor Andrew Cuomo and his lawmakers signed legislation on March 31 which will allow marijuana products to be delivered.

 

California, Nevada and Oregon allow the delivery of cannabis, with no restrictions, for people who are 21 years old or more.

 

Subscribe to get Latest News Updates

Latest News

You may like more
more

Advance Auto Parts Downgraded to Sell Amid Earnings Miss and Weak Outlook

CFRA analysts downgraded Advance Auto Parts (NYSE:AAP) from Hold...

Guggenheim Reiterates Buy Rating on Cabaletta Bio Amid Promising Data

Guggenheim analysts reaffirmed a Buy rating and a $23...

Goldman Sachs Initiates Neutral Coverage on Doximity, Highlights Balanced Growth Potential

Goldman Sachs analysts initiated coverage on Doximity (NYSE:DOCS) with...