The stock market has been topsy-turvy over the past year, and cannabis stocks definitely haven't remained above the fray. A combination of declining cannabis sales fueled by oversupply in well-developed markets, combined with mixed sentiment about the space as federal legalization lags, has understandably made some investors less-than-enthusiastic about the space. 

Investing isn't a one-size-fits-all process. If you have the ability to handle the risk that comes with investing in cannabis stocks, there are still companies in this space worth taking a look at and holding onto for several years at least. 

Bear in mind, despite the tumult of the broader cannabis industry, the legalized market is still on track to hit a valuation of more than $100 billion by the year 2030.  

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Source Fool.com