Friday Wrap
October 16, 2026 · 8:15 PM UTC
Weekly Wrap: Under Risk-Off Pressure
Week wraps with the following footprint. Risk-off backdrop with VIX firm at 20.1, 10Y at 5.09%, S&P -1.1%, DXY -0.2%. Selective strength across the 326-ticker cannabis universe — 10 advancing, 23 declining (30% up). Analyst consensus tilts bullish — 45 Buys, 5 Holds, 7 Sells. Widest implied upside: GTBIF to $21.38 (+229%). Elevated short interest concentrated in CGC at 12.9 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 →