It's been a while since investors held the cannabis industry in high esteem. Marijuana stocks in the U.S. have been declining for the past two years amid oversupply, pricing pressure, and a lack of progress toward federal legalization. However, the industry as a whole is expanding rapidly and has excellent long-term prospects. According to estimates, the global cannabis market could be worth $149 billion by 2031.

At this point, cannabis stocks are suitable for patient investors with a high risk tolerance and long-term goals. Cannabis, like any nascent industry, will experience ups and downs, and it may be a while before the companies reach their full potential. I have two such stocks in mind, both of which have strong fundamentals and the potential to thrive as the market expands. However, one of them is the better option right now.

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Source Fool.com