Roughly one year ago, marijuana stocks could do little wrong. With Canada officially legalizing the sale of recreational marijuana and opening its doors to consumers on Oct. 17, 2018, the sky seemed to be the limit for pot stocks. But a lot can change in a year.

In recent quarters, marijuana stocks have had the veritable kitchen sink thrown at them. In Canada, regulatory-based supply constraints have kept product off of dispensary shelves. Meanwhile, in the United States, high tax rates have ensured that legal marijuana is incapable of competing with black market pot on price. This has led to a disappointing ramp up in North American weed sales, and tumbling cannabis stock share prices as the end result.

Although we've seen Wall Street tone down its optimism on the most front-and-center cannabis stocks, some lesser-followed and beaten-down names still offer Wall Street consensus price targets that are at least three times higher than their current share price. Can the following three cannabis stocks triple, as Wall Street predicts? Let's find out.

Roughly one year ago, marijuana stocks could do little wrong. With Canada officially legalizing the sale of recreational marijuana and opening its doors to consumers on Oct. 17, 2018, the sky seemed to be the limit for pot stocks. But a lot can change in a year.

In recent quarters, marijuana stocks have had the veritable kitchen sink thrown at them. In Canada, regulatory-based supply constraints have kept product off of dispensary shelves. Meanwhile, in the United States, high tax rates have ensured that legal marijuana is incapable of competing with black market pot on price. This has led to a disappointing ramp up in North American weed sales, and tumbling cannabis stock share prices as the end result.

Although we've seen Wall Street tone down its optimism on the most front-and-center cannabis stocks, some lesser-followed and beaten-down names still offer Wall Street consensus price targets that are at least three times higher than their current share price. Can the following three cannabis stocks triple, as Wall Street predicts? Let's find out.