Midday Update
October 20, 2026 · 4:30 PM UTC
Midday: Broad Strength as Cannabis Holds Steady
Midday check-in on cannabis tape. Neutral macro with VIX at 17.7, 10Y at 5.13%, S&P +0.3%, DXY -0.2%. Broad breadth across the 326-ticker cannabis universe — 31 advancing, 2 declining (94% 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 →