North Dakota and South Dakota also failed in their efforts to legalize cannabis for recreational use, while a medical measure passed in Nebraska.

U.S.-listed cannabis stocks slipped in premarket trading on Wednesday after a costly campaign to legalize recreational marijuana in Florida failed late Tuesday. The approval of Amendment 3 would have given way for medical cannabis dispensaries and other licensed state entities to sell cannabis products to consumers 21 years of age and older.

Florida's effort to legalize adult-use marijuana failed to pass with a 60% super majority of votes needed. Voters in three other states will weigh in on the legalization of marijuana on Tuesday, as well.

The passage of Amendment 3 would have legalized the sale of marijuana for recreational use to adults 21 years of age and older from medical marijuana treatment centers and other state-licensed entities.

More than half of Florida voters approved of the measure, but it did not reach the required 60 percent threshold.

A ballot measure that would have legalized recreational marijuana in Florida failed, the Associated Press projects. The measure needed the support of 60% of voters to pass. Under the measure, adults 21 and older would have been allowed to possess up to three ounces of marijuana.

Florida voters rejected a ballot measure that would have legalized recreational marijuana for adults at least 21 years old and allowed them to possess up to 3 ounces of marijuana. It failed to obtain the required 60% threshold at a time when the U.

A proposed amendment that would have allowed for recreational marijuana use in Florida failed to get the needed support to pass. In Florida, constitutional amendments need at least 60% of the vote to be adopted.