Tilray Surges 10%: Rescheduling Momentum Builds as Traders Await Official Confirmation
Tilray Brands (TLRY) shares surged 10% on Thursday, building on a 14% gain Wednesday, due to increasing speculation that the Trump administration will reclassify marijuana as a Schedule III drug. This potential regulatory change is expected to provide federal tax advantages and enable the expansion of Tilray's medical cannabis and pharma distribution platforms, as stated by CEO Irwin Simon. While the stock's rally is significant, the move remains speculative, with prediction markets showing cautious probabilities for rescheduling by year-end 2026, and investors are watching for official confirmation to sustain the bullish momentum.
https://247wallst.com/investing/2026/04/23/tilray-surges-10-rescheduling-momentum-builds-as-traders-await-official-confirmation/