Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Uber Eats was revealed to have joined forces with Tokyo Smoke, so it will be able to accommodate cannabis orders in Ontario, Canada. Its deal with the Canadian lifestyle brand that focuses on the legal recreational cannabis industry will mark the company's entrance into the growing market for weed.
Tokyo Smoke is owned by Canopy Growth Corporation and with Uber Eats as a partner, customers in Ontario can now place orders for cannabis using the online food ordering company's app.
According to Reuters, Uber Eats added Tokyo Smoke to its marketplace's list of retailers on Monday, Nov. 22, so users can start placing their cannabis orders. Customers can pick up their packages at the nearest Tokyo Smoke outlet in the area.
Uber Eats and Tokyo Smoke's tie-up deal will help adults in Canada to buy cannabis legally and safely. In addition, since there is a legal way of buying weed online, it will also help fight the illegal markets that are operating underground that is said to be supplying 40% of all non-medical cannabis in the region.
It was reported that Uber has been eyeing the booming cannabis market for some time now, so this deal is like a fulfillment of a goal. It was mentioned that the San Francisco, California-headquartered company's CEO Dara Khosrowshahi told the media several months ago that they were mulling on delivering cannabis when it became legal in the United States.
In Canada, recreational cannabis was legalized more than three years ago. On Oct. 17, 2018, marijuana became legal in all provinces and territories for adults. This made Canada the second country to legalize recreational use of the drug.
However, with illegal producers taking control of the large share in the market, the nation is trying to fix this to improve the business. This is why Uber Eats' move to team up with Tokyo Smoke is advantageous for the local cannabis industry.
"We will continue to watch regulations and opportunities closely market by market," the spokesman for Uber told Reuters. "And as local and federal laws evolve, we will explore opportunities with merchants who operate in other regions."
The New York Post reported that Tokyo Smoke has around 50 outlets in Ontario so picking up orders made through Uber Eats is easy. There will be no delivery option for orders at the moment. Finally, it is not clear if this partnership in Ontario is just a trial or Uber has plans of further expanding its offering across Canada.
