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US (FL): After failed adult-use legalization, what will be of the MMJ market?

Nearly 56 percent of Florida voters supported a measure that would have allowed recreational use of marijuana for adults, but that wasn't enough to push the proposed constitutional amendment over the finish line.

The failure of what appeared as Amendment 3 on Tuesday's ballot raises questions about the future of the medical-marijuana industry in a state with more cannabis patients than any other in the nation but where some operators have struggled to gain a foothold.

The recreational pot proposal would have allowed the state's 25 licensed medical-marijuana companies to begin selling weed products to people over age 21 — including Florida's 100 million-plus visitors annually — without regard to medical need.

Trulieve, Florida's largest medical-marijuana operator, pumped more than $143 million into the effort, contributing about 94 percent of the total money collected by the Smart & Safe Florida political committee that sponsored the initiative.

Read more at NBC Miami

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