A ballot measure to legalize recreational marijuana failed in the state of Florida, driving a big blow to the cannabis industry.  Shares of Canopy Growth Corporation (CGC) are down 20%, while Tilray Brands (TLRY) drop by over 10% at the time of this video’s posting. This comes as Florida was widely seen as a lucrative market for cannabis companies. But while more than half of voters supported legalization for adults aged 21 and older, the measure failed to pass the 60% threshold needed to get into Florida’s constitution.The pathway ahead for cannabis growth in Florida remains uncertain. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Cindy Mizaku.