You've probably seen the incredible gains racked up by some of the largest Canadian marijuana stocks in recent weeks. The market caps of several of these stocks are now so great that even investors with the most optimistic views about the prospects for the cannabis industry are leery of buying.
But I think that there still are quite a few good picks that can reward investors over the long run from the cannabis boom without paying through the nose. You just need to focus on companies on which the spotlights haven't burned so brightly.
In my view, that means looking at small-cap stocks that target the U.S. market. Here's why I think CannaRoyalty (NASDAQOTH:CNNRF), Liberty Health Sciences (NASDAQOTH:LHSIF), and Planet 13 Holdings (NASDAQOTH:PLNHF) are three small-cap marijuana stocks operating in the U.S. market that could be humongous winners.