Plenty of pot stocks have been on a tear in 2019, and PiperJaffray’s Michael Lavery thinks that fewer restrictions and the need for pain management could keep the group climbing.

The back story. Piper Jaffray’s wasn’t the only bullish call on the sector on Tuesday, as Cowen & Co. touted Aurora Cannabis’s (ticker: ACB) prospects. The industry as a whole has largely done well this year. Despite a long road ahead for U.S. federal approval, the huge potential market is like catnip for investors. Some companies have delivered...