Market Close
October 20, 2026 · 8:15 PM UTC
Close: Cannabis Ends Session Rangebound Action Continues
Session closes with the following read. Neutral macro with VIX at 17.5, 10Y at 5.12%, S&P +0.3%, DXY -0.3%. Broad breadth across the 326-ticker cannabis universe — 25 advancing, 8 declining (76% up). Analyst consensus tilts bullish — 45 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+222%). Elevated short interest concentrated in IIPR at 11.6 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 →