According to Entertainment Tonight, the powers that be didn't have their act together. Carrey was more than ready to reprise his role as Lloyd Christmas for the sequel, but the studio was dragging its feet.
Sources close to the actor say he "grew increasingly frustrated by New Line and Warner Brothers, who he felt showed a lack of enthusiasm regarding the project."
Carrey himself confirmed the departure stating, "I would have thought Dumb and Dumber To was a no-brainer, after all it's implied in the title."
What will happen next? What about Jeff Daniels, who was set to return as his buddy Harry Dunne? There's no word on the future of the project, but we shouldn't feel too bad for the actors.
Carrey will be back on the big screen in the upcoming film, The Incredible Burt Wonderstone, while Daniels headlines the new HBO drama from Aaron Sorkin called The Newsroom.
The original Dumb and Dumber was directed by Peter and Bobby Farrelly and grossed $274 million worldwide. The film cost a mere $17 million to make, and solidified Carrey as a box office draw.
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