Market Close
November 2, 2026 · 9:15 PM UTC
Close: Cannabis Ends Session Sector Treads Carefully
Session closes with the following read. Cautious tape with VIX firm at 21.2, 10Y at 4.91%, S&P -0.5%. Broad breadth across the 326-ticker cannabis universe — 82 advancing, 43 declining (66% up). Leaders and laggards: RWB.CN +25.0%, SHFS -25.6%. Analyst consensus tilts bullish — 44 Buys, 4 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+260%). Elevated short interest concentrated in CGC at 11.1 days-to-cover.
CIN TAKE
Analyst conviction is building faster than the macro will allow it to be paid. Buy-side upside targets look right on 12-month math but wrong on 12-week timing. Selective, catalyst-anchored positioning only — no broad-beta adds until macro cracks lower.
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 →