Pot stocks jump as federal agency reportedly seeks to downgrade cannabis from the hard-drug category

• The Drug Enforcement Agency received an official recommendation to downgrade marijuana. 
• Currently, pot is classified as a Schedule I drug, on par with heroin.
• The news sparked a rally in related stocks, with the largest pot ETF climbing nearly 19%

A recommendation by US drug officials to lower restrictions on marijuana boosted cannabis-linked stocks by up to 10% on Wednesday.