• (1:20) - What Is Pushing Stocks To All Time Highs?
• (10:35) - Can Investors Expect Federal Legalization Anytime Soon?
• (17:30) - Reddit Frenzy On The Stock Market: What To Expect From The Volatility
• (22:20) - Amplify Seymour Cannabis ETF: CNBS
• (28:30) - Episode Roundup: Podcast@Zacks.com

In this episode of ETF Spotlight, I speak with Tim Seymour, founder & CIO of Seymour Asset Management and co-host of CNBC's Fast Money, about cannabis investing and the Amplify Seymour Cannabis ETF (CNBS) , which is the best performing marijuana ETF over the past year.

Cannabis stocks & ETFs are soaring this year, thanks mainly to favorable policy outlook and improving industry fundamentals. Last week, pot stocks saw a lot of interest from traders on Reddit’s WallStreetBets forum.

Investors are now hoping for a more rapid path to full federal legalization with the Democratic majority in both chambers of Congress. Fifteen states and the District of Columbia allow marijuana’s recreational use now and more states are expected to legalize the drug in the aftermath of the pandemic.

We have also seen a pickup in deal making in the space. Jazz Pharmaceuticals (JAZZ) is buying GW Pharma (GWPH) for about $7 Billion, while Aphria (APHA) and Tilray (TLRY) are merging to create the biggest global cannabis company.

CNBS has gained more than 180% over the past year, significantly outperforming other marijuana ETFs like AdvisorShares Pure Cannabis ETF (YOLO) , The Cannabis ETF (THCX) , Cambria Cannabis ETF (TOKE) , Global X Cannabis ETF (POTX) , and ETFMG Alternative Harvest ETF (MJ) , which have gained between 50% and 150%.

Top holdings in CNBS include GW Pharma, Canopy Growth (CGC) and Village Farms (VFF) . Tune into the podcast to learn more.