Curator hit the nail on the head.
As you **** the gun, the tip of the hand is rotating the cylinder. The further the hammer is cocked, the further the hand tries to rotate the cylinder.
When the notches in the cylinder get close to the right place, the cylinder bolt or stop clicks up into place locking the cylinder in that position.
If the hammer is not at full **** when this happens, any further attempt to bring it further back raises the hand further.
Because the cylinder is locked in position, the hand can't move it so, the hammer can't reach full ****.
Carefully stoning** off a little material from the end of the hand will fix the problem.
The concern here is, if you remove too much from the end of the hand, it won't be long enough to turn the cylinder to the position it needs to be in for the cylinder bolt (stop) to lock it in place.
IMO, most people who can take apart and reassemble a C & B revolver are capable of fixing the problem.
I suggest you strip the gun down to the point that the only things that are installed is the hammer and the hand, the cylinder bolt and trigger and the flat spring*** along with the cylinder and the barrel. Leave the mainspring away from the bottom of the hammer or removed from the grip strap. It is not needed at this time.
With the hand out of the gun, notice the angle of the end that pushes against the ratchet on the rear of the cylinder.
Keeping this surface on the hand parallel with the surface of a flat whet stone, take a few swipes to remove a little material. Then reassemble the hand, hammer, cylinder bolt, trigger, bolt and trigger spring, cylinder and barrel and try cocking the hammer. Do not force it.
If it doesn't ****, take everything except for the cylinder and the barrel back apart and lightly grind a bit more off of the end of the hand.
Repeat this until the cylinder is locked in place and the hammer reaches the full cocked position.
You should try cocking the pistol so that every chamber gets aligned with the barrel once things seem to be working right.
Don't be surprised if things work nicely with several chambers aligned with the barrel but a few still cause a hang up. That is due to some wear or machining tolerances on the cylinder ratchet teeth.
If there is still some hang up, continue to adjust the length of the hand until all of the chambers align with the barrel and lock in place.
You can quit here but if it were me, I would remove the hand and take just a few strokes to remove a tiny bit more from the end.
Once this was done, I would totally reassemble the gun, congratulate myself and sit back with something cool to drink.
** I mention stoning with a whet stone because it works slowly and leaves a good finish on the end of the hand.
A small, very fine tooth flat file can also be used but it will often leave a rough surface.
Files also can remove a lot of material fast so using one can result in the hand becoming too short before the damage is noticed.
*** The flat cylinder bolt/trigger spring can be installed two ways. If it is not installed the right way, the cylinder bolt and trigger won't work.
If this happens, turn the spring over and reinstall it. Also notice which end of the springs leaves is pushing on the trigger so you always install it correctly.