Tilray's 41.82% Surge Driven by Trump Marijuana Reclassification Sparkles at 490th Trading Volume Rank

On August 11, 2025, Tilray Brands (TLRY) surged 41.82% with a trading volume of $0.21 billion, a 975% increase from the previous day, ranking 490th in market activity. The sharp rally followed reports that U.S. President Donald Trump is considering reclassifying marijuana as a less dangerous drug, potentially easing federal restrictions on the cannabis industry. Such a move could alleviate tax burdens under IRS Section 280E, boosting profitability for cannabis firms. The sector-wide optimism saw peers like Canopy Growth and Cronos Group also rise, though Tilray’s gains were the most pronounced.

The news marked a pivotal shift in market sentiment for Tilray, which had declined 34.2% year-to-date. Recent catalysts included an analyst upgrade to “Buy” and a CEO stock purchase of 165,000 shares in late July, signaling confidence. Earlier in the week, the company expanded its wellness portfolio with the launch of protein crackers at Whole Foods, adding to positive momentum. However, the stock remains 50.8% below its 52-week high of $1.95.

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