Like all growth stocks, cannabis stocks had a brutal 2022. With no hope of U.S. federal legalization in the near future, cannabis stock investors will have to wait a little longer to reap the benefits. However, you cannot deny that some cannabis stocks have the potential to grow into larger and stronger companies in the long run. After all, every growth stock began small.

A smart buy is a stock that is trading at a discount and has strong fundamentals, rising revenue, and a clear path to outstanding growth. Though the cannabis industry is facing some market turbulences now, if the industry continues expanding, many cannabis stocks could have a bright future. Let's take a closer look at one such stock.

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Source Fool.com