Cannabis stocks surged on rumors of possible federal policy changes, including reclassification.

Cannabis stocks surged Friday on unconfirmed reports that the White House may revise federal marijuana policy, possibly reclassifying it alongside prescription painkillers. Discussions between President Trump and House Speaker Mike Johnson, along with a Florida congressman’s proposal to permit home cultivation, boosted investor optimism. Tilray jumped 28% amid a 4,800% spike in social media mentions, though policy changes remain speculative.