Why Tilray Stock Soared 27.5% Today

By Johnny Rice – Dec 16, 2025 at 6:12PM ESTKey PointsPresident Trump confirmed his administration is actively considering reclassifying marijuana.Reclassification would significantly reduce the tax burden on cannabis companies and represent a material step toward full federal legalization.These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: TLRYTilray BrandsMarket Cap$1.3BToday's Changeangle-down(27.54%) $3.01Current Price$13.94Price as of December 16, 2025 at 4:00 PM ETPresident Trump just gave cannabis investors something they've been waiting for.Shares of Tilray Brands (TLRY +27.54%) soared today, finishing up 27.5%. The jump came as the S&P 500 lost 0.3% and the Nasdaq Composite gained 0.2%. The cannabis company's stock is rising after President Donald Trump confirmed that his administration is looking into reclassifying marijuana -- a move that could be a game changer for the cannabis industry. ExpandNASDAQ: TLRYTilray BrandsToday's Change(27.54%) $3.01Current Price$13.94Key Data PointsMarket Cap$1.3BDay's Range$10.50 - $14.5552wk Range$3.51 - $23.20Volume47MAvg Vol9MGross Margin20.17% Trump says he is exploring marijuana reclassification On Monday, Trump confirmed from the Oval Office that he is considering reclassifying cannabis and cannabis-related products as Schedule III controlled substances, saying, "a lot of people want to see it." If the White House follows through, it would reduce the tax burden of cannabis companies and would be a substantial step toward full legalization -- the ultimate hope of cannabis investors. Image source: Getty Images. While reclassification has been on the table in previous administrations, it's not unreasonable to think that this White House could follow through, as the move is one of the few policy changes that has substantial support on both sides of the aisle.Advertisement Is Tilray stock worth the risk? As it stands, Tilray's financials don't look great -- though it has worked to streamline its business, substantially reducing operating costs. I do, however, think it's worth owning if you have a tolerance for risk and a long-term investing horizon. If legalization happens, Tilray's business would be transformed. About the AuthorJohnny Rice is a contributing writer for The Motley Fool covering tech stocks. He previously contributed to various financial publications.TMFJohnnyRiceRead NextDec 15, 2025 •By Eric VolkmanWhy Tilray Stock Plunged TodayDec 12, 2025 •By Rich SmithWhy Tilray Stock Lit Up TodayDec 6, 2025 •By Prosper Junior BakinyThis Stock-Split Stock Is Up 90% in the Past 6 Months: Is There More Upside Ahead?Dec 5, 2025 •By Eric VolkmanWhy Tilray Stock Dived by 10% This WeekDec 4, 2025 •By Prosper Junior BakinyIs There a Future for Tilray Brands?Dec 4, 2025 •By David Jagielski, CPADown 66% From Its High, Can Tilray Brands Stock Turn Things Around?