Audio By Carbonatix
Uber could start delivering cannabis once federal regulation allows the company to do so, CEO Dara Khosrowshahi told CNBC on Monday.
“When the road is clear for cannabis when federal laws come into play, we’re absolutely going to take a look at it,” Khosrowshahi said in a “TechCheck” interview.
Marijuana remains illegal under federal law, but some lawmakers have expressed a willingness to change policy.
The federal government has been allowing states to legalise the drug with little interference over the past few years. And so far, 16 states, along with the District of Columbia, have legalized cannabis for recreational use.
New York is the latest state to legalise recreational marijuana, with Gov. Andrew Cuomo signing legislation on March 31. The law also allows the delivery of marijuana products.
Currently, cannabis delivery services are available with no restrictions in California, Nevada, and Oregon for people who are 21 years of age or older.
For now, the company said it’s going to focus its efforts on its current delivery options in its key categories such as food and alcohol.
“We see so much opportunity out there, and we’re going to focus on the opportunity at hand,” Khosrowshahi said.
Uber stock jumped more 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 business.
Latest Stories
-
We need to pray for GoldBod – Duncan-Williams
18 minutes -
Strong favourites or tougher task – will Arsenal defend their title?
51 minutes -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
55 minutes -
Ariana Grande leaves problems at home as her tour hits the UK
1 hour -
Multiple suspects at large after five shot at Virginia State University, police say
1 hour -
Three killed as Russia launches fresh aerial attacks across Ukraine
1 hour -
Boxing: John Laryea disqualified in WBA Featherweight title eliminator
2 hours -
Hawaii battles strong winds and rain as Hurricane Lala threat looms
2 hours -
Twelve killed as Polish bus veers off Hungarian motorway
3 hours -
Building Ghana better: Why architects must be at the heart of national development
5 hours -
GMet warns of severe rainstorm across northern Ghana
6 hours -
Semenyo eyes bigger targets after breaking Yeboah’s Ghanaian Premier League record
6 hours -
Health Ministry reviews NDC manifesto commitments
7 hours -
Mfantsipim School @ 150 and Creech’s Mfantsipim Diaries: My First Shock
8 hours -
Labour backs proposed IPEC but demands full involvement in pay reforms
8 hours