Dara Khosrowshahi, CEO of Uber, speaks at the WEF 2019 in Davos, Switzerland on January 23, 2019.
Adam Galica | CNBC
Uber could begin shipping cannabis as soon as federal regulation allows, CEO Dara Khosrowshahi told CNBC on Monday.
“When the way for cannabis is clear, when federal laws come into effect, we will definitely have a look at it,” said Khosrowshahi in a “Tech Check” interview.
Marijuana is still illegal, but some lawmakers have expressed a willingness to change policy. The federal government in recent years has allowed states to legalize the drug with little intervention. So far, 16 states, along with the District of Columbia, have legalized recreational cannabis.
New York is the youngest state to pave the way for legalized recreational marijuana. Governor Andrew Cuomo signed law about two weeks ago. As part of the bill, Cuomo also allows the delivery of marijuana products. Currently, in California, Nevada, and Oregon, cannabis delivery services are available without restrictions to anyone age 21 and older.
For now, the company said it would focus its efforts on its current delivery options in its key categories like groceries and alcohol.
“We see so many opportunities out there and we will focus on the opportunities that arise,” said Khosrowshahi.
Uber stock rose more than 2% on Monday after the company posted record gross bookings for the month of March, suggesting a pickup in demand for its hail shipping business.
Subscribe to CNBC on YouTube.