Florida’s Adult-Use Cannabis Push Defeated At The Polls

In the most closely watched ballot initiative this election cycle in the cannabis industry, voters in Florida rejected adult-use sales in the state. A majority of Florida voters approved the measure—in a tally of about 56%—but failed to meet the 60% threshold needed to put it over the top. The defeat nips a potential multibillion-dollar adult-use cannabis market in the bud, although the Sunshine State remains a large cannabis market via its medical program.

In other ballot initiatives voted upon yesterday, South Dakota voters also rejected adult-use sales, while North Dakota’s more limited legalization measure also went down to defeat. Elsewhere, voters in Nebraska approved medical cannabis, while in Texas decriminalization measures in Dallas, Lockhart, and Bastrop were successful.–Daniel Marsteller

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