Cannabis Stocks Plummet After Legalization Bid Fails in Florida [Yahoo! Finance]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Yahoo! Finance
The proposed amendment received 55% of the vote, but required 60% in order to pass. Florida could have added a significant market for the cannabis industry. Shares of cannabis companies fell Wednesday after a ballot measure that would have legalized recreational marijuana in Florida failed to pass. The ballot measure would have legalized the use and sale of recreational cannabis from medical marijuana centers and other state-licensed entities. It received 55% of the vote, but amendments to the state constitution require 60% approval to pass. Medical marijuana has been legal in Florida since 2016. And Florida made the use of CBD, which is a chemical in marijuana, legal in 2019. Canopy Growth ( CGC ) shares plunged more than 20%, Aurora Cannabis ( ACB ) dropped 18%, and Tilray Brands ( TRLY ) lost over 13% intraday Wednesday. Adult-use marijuana is legal in 24 U.S. states and Washington D.C. Florida could have added a significant market for the cannabis industry. Marijuana
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News
- Canopy Growth Corporation (CGC) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Weekly Roundup on the Cannabis Sector & Psychedelic Sector 11-11-2024 [Yahoo! Finance]Yahoo! Finance
- Canopy Growth (CGC) Q2 2025 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Corporation (CGC) Reports Q2 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Reports Second Quarter Fiscal Year 2025 Financial ResultsPR Newswire
CGC
Earnings
- 11/8/24 - Miss
CGC
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 10/17/24 - Form 8-K
- CGC's page on the SEC website