According to the Schrödinger equation $$i \hbar \frac{d}{d t}\Psi(t) = H\Psi(t) \tag 1,$$ the transformation $U_t:\mathcal H\to \mathcal H: \Psi\mapsto \Psi(t)=e^{-itH}\Psi$ for every $t\in\mathbb R$ is a unitary transformation of the Hilbert space $\mathcal H$, and since from this equation,
$$U_tU_s=U_{t+s}\tag 2,$$ the mapping, $t\mapsto U_t$ it is a one-parameter subgroup of the unitary group.
Starting from the other direction, if we suppose that the evolution of the states is a one-parameter subgroup of the unitary group, Stone's theorem yields (1).
But, since quantum mechanical states are not elements of $\mathcal H$, but they are elements of the projective Hilbert space $\mathcal P(\mathcal H)$, time evolution isn't a one-parameter subgroup of the unitary group, but it is a one-parameter subgroup of the projective unitary group, that is, by Wigner's theorem, instead of (2), only $$U_tU_s=\omega(t,s)U_{t+s}\tag 3$$ must hold, where $\omega(t,s)$ is a complex number of modulus $1$ depending on $t$ and $s$.
From (2), Stone's theorem yields (1), but from (3), what theorem yields what?