Market Close
August 4, 2026 · 8:15 PM UTC
Close: Cannabis Ends Session Rangebound Action Continues
Session closes with the following read. Neutral macro with VIX at 16.5, 10Y at 4.62%, S&P +2.0%. Broad breadth across the 326-ticker cannabis universe — 22 advancing, 10 declining (69% up). Analyst consensus tilts bullish — 44 Buys, 6 Holds, 7 Sells. Widest implied upside: CRDL to $6.92 (+413%). Elevated short interest concentrated in IIPR at 10.3 days-to-cover.
CIN TAKE
Neutral macro paired with expanding breadth is the setup that usually precedes a durable move higher. Momentum names deserve attention — not just the leaders, but the second-tier tickers now turning. Trim conviction if breadth deteriorates before the macro regime shifts.
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 →