Tilray’s stock has been on a wild ride in early October 2025, propelled by a flurry of cannabis policy news. In the first week of October, TLRY jumped over 8% in one day after an apparent breakthrough in U.S. marijuana reform sentimentnasdaq.comnasdaq.com. The trigger: several prominent Republican senators voiced unexpected support for easing federal cannabis laws, and former President Donald Trump – now in his second term – signaled openness to rescheduling marijuana. MarijuanaMoment reports that in late September, Trump shared a video touting CBD’s health benefits for seniors, and GOP Senators Lisa Murkowski said moving cannabis to Schedule III “is totally a game changer” while Kevin Cramer confirmed Trump “has said it… if he reschedules, that is a big deal”marijuanamoment.netmarijuanamoment.net. Such rhetoric from traditionally resistant lawmakers shocked the market and “seemed to take a little step forward” the slow march toward U.S. marijuana legalizationnasdaq.com. Cannabis stocks across the board rallied on the news, with Tilray notable as one of the biggest gainers, climbing over 8% that daynasdaq.com.