Uber Eats will list cannabis retailer Tokyo Smoke in its market on Monday, after which customers can place orders from the Uber Eats app and then pick them up at their nearest Tokyo Smoke store, the spokesperson said.
Uber, which already delivers alcohol through its Eats unit, has been targeting the booming cannabis market for some time now. Its CEO Dara Khosrowshahi told the media
in April, the company will consider delivering cannabis when the legal coast is free in the United States.
More than three years after the legalization of recreational cannabis began in Canada, the country is trying to fix its struggling pot market, where illegal growers still control a large portion of total annual sales.
The partnership will help Canadian adults buy safe and legal cannabis, helping to fight the underground illegal market that still accounts for more than 40% of all non-medical cannabis sales nationwide, Uber said Monday.
Global cannabis stock tracker MJ ETF climbed 2%, while shares of Uber rose 1.2% to $ 44.78 in pre-market trading.
Cannabis sales in Canada will total $ 4 billion in 2021 and are expected to reach $ 6.7 billion in 2026, according to data from industry research firm BDS Analytics.
Asked about the possibility of expansion to other Canadian provinces, or the United States, a spokesperson for Uber said there was “nothing more to share at this time.”
“We will continue to closely monitor regulations and opportunities market by market. And as local and federal laws evolve, we will explore opportunities with traders who operate in other regions,” said the spokesperson for ‘Uber to Reuters.
The tighter warrants and lockdowns induced by last year’s pandemic have boosted demand for cannabis-related products from customers stuck at home with limited entertainment options.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos