When considering business opportunities amid crisis and adversity, Uber may present itself as a source of inspiration. This platform offers rides as well as food and alcohol delivery services. Now it may become the market leader of cannabis delivery.
It has not been an easy ride for Uber to be recognised as a legal business in Latin American countries. Transport unions’ opposition made it seem as if Uber had no choice but to retreat. Yet, the company held on to its excellent service and reputation in North American countries. The company experienced an exponential growth and it may now enter the cannabis market, announcing that the company may start delivering these kinds of products if legislation is to change in the United States.
Bills for cannabis decriminalisation are also moving forward in Mexico. Last March 10th, the Mexican House of Representatives passed a bill—in general terms—governing the recreational use of cannabis throughout the country. The Mexican Supreme Court of Justice had set April 30th as deadline for resolution, but the Senate did not approve amendments by the House of Representatives and the discussion continued up to September. The first step taken in the U.S. is expected to lead other American countries towards a cannabis-friendly market and legislation.
Stay Home, Your Weed Is on Its Way
“When the road is clear for cannabis, when federal laws come into play, we’re absolutely going to take a look at it,” said Dara Khosrowshahi, Uber CEO, in a CNBC interview.
This is not the first rodeo for cannabis delivery in the U.S.: four states California, Nevada, Oregon, and New York have already approved this type of services, New York being the latest to do so, as recreational marijuana use is legal only since March 31st. Many dispensaries offer services like these but do not deliver orders via Uber. In Canada, where cannabis consumption is legal under certain regulations, delivery services are offered even by governmental organisations in charge of distribution.
Medical cannabis is currently legal in 36 U.S. states, recreational cannabis in 15 states, and Washington D.C. has legalised weed for all adults over 21. However, many states are still reluctant, and this drug remains illegal under federal law. If this situation changed, cannabis would entirely revolutionise the whole U.S. market, allowing more business opportunities, including cannabis delivery services and realising people’s dreams of having a joint knocking at their door.
Weed within Arm’s Reach
Although the U.S. has made considerable progress regarding cannabis use and possession, Europe is still at the forefront. In Madrid, buying CDB is completely legal and is incredibly easy to find. Just google “buy CBD flowers” and a wide array of cannabis companies with delivery services will pop up. Additionally, the Czech Republic has set up cannabis vending machines at public spaces.
Uber shares rose over 2% on Monday, after the company posted record gross bookings for the month of March, which denotes a recovery in demand of its mobility unit.