Opening Brief
July 13, 2026 · 1:29 PM UTC
Cannabis Opens Cautious Tone Prevails
Cautious tape with VIX at 16.4, 10Y at 4.58%. Mixed tape across the 494-ticker cannabis universe — 17 advancing, 16 declining (52% up). Leaders and laggards: IIPR +2.2%, IMCC -3.8%. Analyst consensus tilts bullish — 45 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $12.50 (+278%). Elevated short interest concentrated in IIPR at 10.4 days-to-cover.
CIN TAKE
Analyst conviction is building faster than the macro will allow it to be paid. Buy-side upside targets look right on 12-month math but wrong on 12-week timing. Selective, catalyst-anchored positioning only — no broad-beta adds until macro cracks lower.
Signal Context
Macro - Sector - AnalystMacro
Opportunities
Analyst
State Markets
Terminal · 38 StatesNightly-refreshed retail sales, tax collections, licensee counts, and wholesale prices for every state-legal cannabis market. Browse all state market data →