Cannabis investors had high hopes for the election last Tuesday, with strong optimism that Florida would join the ranks of adult-use cannabis states. While a majority of voters approved the measure, Amendment 3 ultimately fell short of the 60% needed to amend the state’s constitution. What followed was a 43% decline in the share price for the AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS). Efforts to legalize recreational cannabis in North and South Dakota also failed.
[[{“value”:”43% – How much the AdvisorShares Pure US Cannabis ETF declined in the past week Cannabis investors had high hopes for the election last Tuesday, with strong optimism that Florida would join the ranks of adult-use cannabis states. While a majority of voters approved the measure, Amendment 3 ultimately fell short of the 60% needed
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