Pre-Market Setup
July 12, 2026 · 11:00 PM UTC
Monday Setup: Cannabis Holds Steady
Setting up for Monday's session. Neutral macro with VIX at 15.0, 10Y at 4.56%, S&P +0.4%. 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
Rangebound action continues with no macro edge to press. Position sizing should reflect the lack of directional clarity — smaller, catalyst-linked, and quick to reduce. Wait for either breadth expansion or a macro break before adding conviction.
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 →