The failure of Amendment 3, the effort to legalize recreational marijuana, raises questions about the future of the medical-marijuana industry in a state with more cannabis patients than any other

A costly campaign to legalize recreational marijuana in Florida failed Tuesday and California voters took a step toward tough crime laws as voters in dozens of states weighed more than 140 measures appearing on the ballot alongside races for president and top state offices.

(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.