More than half of Florida voters approved of Amendment 3, but it did not reach the required 60 percent threshold to pass.

A ballot measure to legalize the recreational sale and use of marijuana in Florida failed to pass late Tuesday, sending shares of pot companies into freefall and dealing a blow to cannabis firms that had invested millions in the legalization campaign.

WEST PALM BEACH, Fla. (AP) — Florida voters rejected ballot measures Tuesday to protect abortion rights and legalize marijuana, handing victories to Republican Gov. Ron DeSantis and solidifying the state's new reputation as a conservative stronghold.