Cannabis stocks rise on legalization hopes.

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The stars may be aligning for cannabis stocks as they tear higher on hopes around a reported Republican-led legalization effort, Tim Seymour said.

The Amplify Seymour Cannabis ETF (CNBS) portfolio manager and CNBC contributor told CNBC’s “ETF Edge” on Wednesday that a possible bill drafted by South Carolina House Rep. Nancy Mace to deschedule and regulate the federally illegal substance “could be a game changer for the cannabis industry.”

The removal of cannabis from Schedule I of the Controlled Substances Act would make it legal in the U.S. []

Source: Cannabis stocks rise on legalization hopes. Tim Seymour talks the move

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