Market Close
September 23, 2026 · 8:15 PM UTC
Close: Cannabis Ends Session Defensive Posture Holds
Session closes with the following read. Risk-off backdrop with VIX at 15.4, 10Y at 5.11%, S&P -0.8%, DXY +0.6%. Selective strength across the 326-ticker cannabis universe — 12 advancing, 21 declining (36% up). Analyst consensus tilts bullish — 44 Buys, 6 Holds, 7 Sells. Widest implied upside: CRBP to $34.02 (+333%). Elevated short interest concentrated in IIPR at 11.3 days-to-cover.
CIN TAKE
Fragile tape — the risk-off backdrop is doing more damage to cannabis than idiosyncratic catalysts can offset. Elevated short pressure on the crowded names adds gap risk; avoid broad exposure. Wait for macro relief — VIX cooling and yields backing off — before adding sector beta.
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 →