UK Markets closed
  • FTSE 100

    7,129.71
    +53.54 (+0.76%)
     
  • FTSE 250

    22,775.28
    +283.92 (+1.26%)
     
  • AIM

    1,262.60
    +9.91 (+0.79%)
     
  • GBP/EUR

    1.1495
    -0.0015 (-0.13%)
     
  • GBP/USD

    1.3990
    +0.0098 (+0.7037%)
     
  • BTC-GBP

    41,931.09
    +110.92 (+0.27%)
     
  • CMC Crypto 200

    1,480.07
    +44.28 (+3.08%)
     
  • S&P 500

    4,232.60
    +30.98 (+0.74%)
     
  • DOW

    34,777.76
    +229.23 (+0.66%)
     
  • CRUDE OIL

    64.82
    +0.11 (+0.17%)
     
  • GOLD FUTURES

    1,832.00
    +16.30 (+0.90%)
     
  • NIKKEI 225

    29,357.82
    +26.45 (+0.09%)
     
  • HANG SENG

    28,610.65
    -26.81 (-0.09%)
     
  • DAX

    15,399.65
    +202.91 (+1.34%)
     
  • CAC 40

    6,385.51
    +28.42 (+0.45%)
     

Uber CEO says company could get into cannabis delivery as states across US vote to legalise

  • Oops!
    Something went wrong.
    Please try again later.
Graeme Massie
·1-min read
  • Oops!
    Something went wrong.
    Please try again later.
 (Getty/iStock)
(Getty/iStock)

Uber could start delivering cannabis when allowed to do so by federal regulations, says its CEO.

Despite now being legal in many states across the United States the drug remains illegal at the federal level.

The federal government has allowed states to legalise its use with minimal interference and so far 16 states and the District of Columbia have done so.

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

New York became the latest state to legalise marijuana’s sale on 31 March when governor Andrew Cuomo signed it into law.

Cannabis delivery services are available in California, Nevada and Oregon for anyone over 21.

Until federal law changes Uber says it will concentrate on its current delivery options, food and alcohol.

“We see so much opportunity out there, and we’re going to focus on the opportunity at hand,” added Mr Khosrowshahi.

Uber’s stock price jumped more than 2 per cent on Monday after the company announced record gross ride-share bookings for the month of March.

Read More

Comedian learns Prince Philip has died after joking about him on stage

Daunte’ mum honours slain son - ‘My heart is broken into 1,000 pieces’

Defense set to take turn in ex-cop's trial in Floyd death