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Even though the cannabis business has been around for a very long time, at least in illicit form, investors may forget that marijuana is still a nascent industry. There is no precedent to draw upon of an industrialized country legalizing weed, which means there’s been a learning curve for investors, the companies involved, and even Wall Street since Canada allowed the recreational use of marijuana. Over the past year, a number of Wall Street investment firms have begun throwing their hats in the ring on the cannabis industry, though many have done so cautiously. This past week, Ladenburg Thalmann became the latest Wall Street firm to initiate coverage on the cannabis industry. In total, covering analyst Glenn Mattson started three pot stocks with a buy rating. Perhaps one of the biggest surprises is Mattson’s and his firm’s conviction that Canopy Growth (NYSE:CGC), the largest marijuana stock in the world by market cap, is a buy. The 3 Pot Stocks You Should Buy, According to This Wall Street Firm

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