Uber-CEO-Confirms-Interest-in-Cannabis-Delivery.jpg

Uber CEO Confirms Interest in Cannabis Delivery

In an interview with CNBC’s “Tech Check” on Monday, Uber CEO Dara Khosrowshahi said the company could get into the cannabis delivery business once federal reforms are enacted.

“When the road is clear for cannabis, when federal laws come into play, we’re absolutely going to take a look at it.” – Khosrowshahi, during “Tech Check”

The response came following a question about Uber’s recent acquisition of Drizly – an on-demand alcohol marketplace – for $1.1 billion in stock and cash. Drizly’s sister company, Lantern, was not included in that deal.

“What Drizly is all about is what we call our ‘fast and frequent strategy,’ which is ‘what are the types of deliveries that a high percentage of consumers are gonna want fast and to their home and are quite frequent,’” Khosrowshahi said in the interview. “And we think, obviously, food grocery, pharmacy, and alcohol are part of that category.”

Recently, as the result of language in a federal omnibus spending bill signed by former President Donald Trump last year, UPS, FedEx, and the U.S. Postal Service all said they would stop shipping vaping products – whether they contain nicotine or not. That move could increase demand for the products among on-demand delivery companies not affiliated with the major shipping and postal firms.

During the coronavirus pandemic, some states created emergency regulations to allow cannabis delivery. In New York, delivery was included in the legislature-approved legalization bill and touted as an opportunity for more entrepreneurs to get involved in the industry.

A report last year from cannabis delivery and tech company Eaze found that the 30 days after March 13, 2020 – the day the coronavirus pandemic was declared – new Eaze customer sign-ups jumped by nearly 60% while first-time deliveries increased 44%, and the average size of every order grew 15% while the value increased 13%.

“March and April 2020 were the year’s highest months for new deliveries and, overall in 2020, new customer sign-ups increased by 71%, and average order volume and value rose by 15% and 20%, respectively,” Eaze said in the report.

Originally Published on 2021 04 13 by TG Branfalt | Ganjapreneur.com


Thank you for joining us today for our latest news post. If you have any questions or comments about this post, we’d love to hear from you in the comments! Join the FindHempCBD.com newsletter to stay up to date on the latest Industry News and keep an eye out for our next news article!


Disclaimer: This content was sourced from Ganjapreneur.com and republished to our website to add value and additional content for our readers. In order to maintain the safety, functionality, and integrity of FindHempCBD.com, the sourced content may have been altered. To access the original content, please click the link below:
https://www.ganjapreneur.com/uber-ceo-confirms-interest-in-cannabis-delivery/

Share:

Share on email
Share on facebook
Share on twitter
Share on pinterest
Share on linkedin
Share on reddit
Share on tumblr
The Editor

The Editor

FindHempCBD.com is the internet's largest CBD stores directory. Browse 100s of CBD businesses, find CBD near you, and more!
mood_bad
  • Comments are closed.
  • Sign Up For Our Newsletter

    Stay informed with the latest articles on our CBD blog

    Related Posts

    CBD hemp oil, Hand holding bottle of Cannabis oil against Marijuana plant. Herbal Treatment, Alternative Medicine

    How CBD Can Help You

    With more and more CBD products entering the market every year, the CBD industry is growing at a rapid pace. The industry is projected to

    Pin It on Pinterest