(Reuters) -Shares of pot companies slid on Wednesday after a ballot measure to legalize the recreational use of marijuana in Florida failed to get the required majority to pass, even as the firms invested millions in a campaign to tap the lucrative market.

A ballot measure to legalize recreational marijuana in the state of Florida is projected to fall short, according to Decision Desk HQ, although medicinal use is still legal in the Sunshine State. Florida Amendment 3 would have allowed adults aged 21 and older to possess,

A proposed amendment that would have allowed for recreational marijuana use in Florida failed to get the needed support ... but said marijuana legalization needs laws to prohibit smoking in public spaces. The amendment’s failure means that in Florida ...