Midday Update
July 31, 2026 · 4:30 PM UTC
Midday: Selective Strength as Cannabis Holds Steady
Midday check-in on cannabis tape. Neutral macro with VIX at 17.3, 10Y at 4.74%, S&P +0.1%. Selective strength across the 326-ticker cannabis universe — 11 advancing, 22 declining (33% up). Analyst consensus tilts bullish — 44 Buys, 6 Holds, 7 Sells. Widest implied upside: CRDL to $6.92 (+449%). 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 →