Uber is excited about the possibility of delivering cannabis products to add to its ever-expanding product roster alongside the other products they provide.
The company also aims to be a viable choice for marijuana customers looking for cannabis delivery. To be honest, we don't expect them to compete with Eaze, Lantern, or any other various cannabis delivery services across the states. Dara Khosrowshahi, the company's CEO, has spoken about the possibility of Uber expanding into cannabis delivery once the federal government goes ahead with its decision to repeal the national marijuana ban.
"When the path is open for cannabis when federal regulations come into play, we will absolutely look at it," said the ride-sharing company's CEO in a "Tech Check" interview with CNBC.
While Khosrowshahi also stated that they would not risk it in state-legal markets, for the time being, this strategy might take some time to implement.
As we all know, distribution is one of the most critical services the organization provides to its customers. Uber Eats' overall sales of $1 billion is a sign displaying factor of it. Aside from cannabis distribution, the company appears to have extensive plans to distribute alcohol after announcing the acquisition of Boston-based Drizly for approximately $1.1 billion in stock and assets.
Now that marijuana legalization appears to be a foregone conclusion, it's just a matter of time before the company seizes the opportunity.
After Gov. Andrew Cuomo signed the bill on March 31, New York became the newest state to legalize recreational marijuana, joining 15 other states in the United States.
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