For every naysayer who insists you can’t make money on legal cannabis stocks, I present OrganiGram (TSX-V: OGI).

Back in June 2015, this little penny stock would’ve run you about $0.40 a share.

Today, you can’t buy it for less than $1.00.

Check it out…

Although there are plenty of dogs in the legal cannabis space, there are also a handful of winners.

Take Canopy Growth Corporation (TSX-V: CGC), for instance.

Also known to many as a tiny penny stock in the legal cannabis space last year, CGC has catapulted from $1.66 to more than $3.00 a share in less than a year.

It’s actually the biggest player in the Canadian legal cannabis space, but since the market is still so young, you’re just not going to find much in the way of massive valuations. Which makes sense. And this is how it’s going to be for a while. This, by the way, is a good thing.

For those new to the legal cannabis space, this means you still have time to load up the boat with cheap shares of quality legal cannabis companies.

Now, Canopy Growth Corporation and OrganiGram are two of my favorites, but there are others to consider.

Cheap Cannabis Stocks

One company in particular that’s trading at a superior discount right now is Golden Leaf Holdings (CSE: GLH) (OTC: GLDFF).

Golden Leaf is one of the largest cannabis oil producers in North America and the leading cannabis products company in Oregon. Right now, the company’s doing about $1.5 million in sales per month.

Also worth noting is that the company has a licensing and manufacturing agreement with Dixie Brands, Inc. This is one of the largest edibles companies on the planet, and it has a huge presence in states where cannabis is legal. I would say it’s also the most well-known brand in the space.

This is huge considering that edibles account for about half of the $5.4 billion legal cannabis industry.

Of course, Golden Leaf’s deal with Dixie Brands is exclusive to the Oregon market. But this is actually one of the fastest-growing legal cannabis markets in the United States, boasting sales of nearly $265 million in 2015. Oregon actually has the sixth-highest rate of adult cannabis use in the country. It’s not a bad place to be if you’re peddling cannabis.

In any event, the stock is worth at least $0.60, but right now you can buy it for less than $0.40. I have little doubt that by the end of 2016, Golden Leaf will be trading for no less than $0.60 a share.

Here’s more on Golden Leaf Holdings…