This Week in Cannabis Investing: Uber and Leafly Offer Weed Delivery

Weed delivery launched on a major third-party delivery platform for the first time, as Uber Technologies (UBER (opens in new tab)) announced a strategic partnership in Toronto with online cannabis marketplace Leafly (LFLY (opens in new tab)). Using the UberEats app, customers can select the “Cannabis” category and order delivery from three retailers: Hidden Leaf Cannabis, Minerva Cannabis and Shivaa’s Rose. 

Uber’s foray into cannabis delivery suggests continued interest from strategic groups in getting involved in the sector. Major opportunities and deals are occurring outside the U.S., which will continue until we get more federal clarity around banking. Because of Canada’s more open legal parameters, Uber is likely using this partnership to analyze how to enter the U.S. market if federal legalization occurs.

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