How Uber Plans To Reduce Cannabis-Impaired Driving And Illicit Market Sales By Selling Weed On Uber Eats
Portfolio Pulse from Javier Hasse
Uber Technologies (NYSE: UBER) plans to sell cannabis on its Uber Eats app to reduce cannabis-impaired driving and combat illicit market sales. The company aims to elevate the quality and safety standards of cannabis products and provide visibility to underrepresented small to medium businesses in the cannabis sector.
June 08, 2023 | 3:30 pm
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POSITIVE IMPACT
Uber's entry into the cannabis market through its Uber Eats app may lead to increased revenue and a positive social impact by reducing impaired driving and supporting small businesses.
Uber's entry into the cannabis market can potentially increase its revenue by tapping into a growing industry. By selling cannabis on Uber Eats, the company aims to reduce impaired driving and combat illicit market sales, which can create a positive social impact. Additionally, Uber's support for underrepresented small businesses in the cannabis sector can further enhance its reputation and attract more customers.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100