Uber could begin delivering cannabis once federal regulations allow the company to do so, CEO Dara Khosrowshahi told CNBC on Monday.
“When the road is clear for cannabis, when federal laws come into force, we will definitely look at this,” Khosrowshahi said in a Tech Check interview.
Marijuana remains illegal under federal law, but some lawmakers have expressed a desire to change policy. The federal government has allowed states to legalize the drug with little interference in recent years. So far, 16 states, along with the District of Columbia, have legalized cannabis for recreational use.
New York is the latest state to legalize recreational marijuana, with Governor Andrew Cuomo signing the law on March 31. The law also allows the delivery of marijuana products. Cannabis delivery services are currently available without restrictions in California, Nevada and Oregon for people at least 21 years old.
For now, the company has said it will focus its efforts on its current delivery options in its key categories such as food and alcohol.
“We see so many opportunities there and we will focus on the opportunity at hand,” Khosrowshahi said.
Uber’s stock rose more than 2% Monday after the company recorded record gross bookings for March, indicating a rise in demand for its travel business.
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