Long version: probably. Allowing the sale of location data would be deeply unpopular among the general public. Under stare decisis, the federal government would have a good chance at beating the state in a court case, but it would still be a risk- why risk the power for an unpopular case?
See also: marijuana legalization and immigration. Arizona tried codifying the federal statutes on immigration into its own state laws- not superceding, just mirroring. The federal government took them to court and won. OTOH, marijuana is also distinctly within the federal government's purview, and Wickard would apply very easily to pot laws as well... And yet, they have done nothing at all, likely because pot is too popular to risk a court case (or an election, I suppose).