Investing In Cannabis Is Wise, CNBC's Tim Seymour Tells Benzinga PreMarket Prep

With a spike in share prices within the sector in the week following the Republicans' release of their marijuana legalization proposal in November, it's hard not to think of federal as an important catalyst.

However, during the week following Rep. Nancy Mace (R-SC) officially laying out her cannabis legalization plan, pot stocks took a massive beating.

Tim Seymour, director and founder of The Amplify Seymour Cannabis ETF CNBS (ARCA: CNBS), said that investors should not be in cannabis "necessarily based upon an expectation of some federal catalyst." Seymour was a guest on Benzinga's PreMarket Prep live trading talk show on Friday.

Nevertheless, …

Full story available on Benzinga.com

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