Reported 19 days ago
Shares of cannabis companies fell sharply after Florida voters did not approve a measure to legalize recreational marijuana, despite the firms investing heavily in the campaign. Canopy Growth and Trulieve Cannabis saw declines of 20.4% and 44.2%, respectively, while other companies like Tilray Brands and SNDL also faced significant losses. The proposal, which received over 55% support, required a 60% majority to pass, highlighting the ongoing challenges in legalizing cannabis at state and federal levels.
Source: YAHOO