Market Close
November 5, 2026 · 9:15 PM UTC
Close: Cannabis Ends Session Defensive Posture Holds
Session closes with the following read. Risk-off backdrop with VIX elevated at 27.7, 10Y at 4.84%, S&P -4.4%. Selective strength across the 326-ticker cannabis universe — 46 advancing, 79 declining (37% up). Leaders and laggards: BOT.AX +22.2%, POSAF -36.6%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+277%). Elevated short interest concentrated in CGC at 11.0 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 →