3 Risky Pot Stocks With Jaw-Dropping Growth Potential

Despite the legal marijuana industry growing at a blistering pace the past few years, cannabis stocks have generally been a downer for investors. Cannabis equities have floundered over the prior three years for a laundry list of reasons.

Some of the common threads running through this disappointing period in the industry's life cycle include: overzealous management teams, a sea of never-ending capital raises at shareholders' expense, governmental red tape, banking/financing problems, the slow march toward federal legalization in the U.S., and of course, competition from both legal and illegal growers. As a result of this vortex of hurricane-force headwinds, the industry's bellwether ETF -- Horizons Marijuana Life Sciences Index ETF -- has lost over 56% of its value over the prior 36-month period.