Tilray Brands (TLRY) Stock News Today: Cannabis Rally Cools as Trump Schedule III Speculation Fuels Volatility
December 15, 2025 Tilray Brands, Inc. (NASDAQ: TLRY) is back in the spotlight on December 15 after one of its biggest momentum bursts in years—followed by an equally fast reality check. The stock’s latest swing is being driven less by quarterly fundamentals and more by a single macro catalyst: growing (but still unconfirmed) expectations that President Donald Trump could move to ease federal marijuana restrictions by pushing a reclassification of cannabis to Schedule III. That policy headline helped ignite a sector-wide surge late last week. On Monday, however, the rally showed clear signs of fatigue as uncertainty over timing, scope,