3 dirt cheap marijuana stocks you can buy right now

Their business prospects are much better than their valuations indicate.

Many investors seem to have thrown in the towel on the cannabis market. Most stocks related to the cannabis industry have plunged over the past 12 months as hopes of major federal cannabis reform in the U.S. have faded quite a bit. 

But the long-term opportunities for the cannabis industry remain much brighter than the current environment reflects. The sell-off has also created some opportunities to find some bargains. Here are three dirt cheap marijuana stocks you can buy right now.

1. Ayr Wellness

Ayr Wellness ( AYRW.F -1.44% ) stock currently trades at less than eight times expected earnings. Its price-to-sales (P/S) ratio is only 2.2, a super-low level.