Opening Brief
November 9, 2026 · 2:00 PM UTC
Cannabis Opens Mixed Signals Across Sector
Neutral macro with VIX firm at 23.2, 10Y at 4.84%, S&P +0.3%, DXY +0.7%. Broad breadth across the 326-ticker cannabis universe — 86 advancing, 39 declining (69% up). Leaders and laggards: POSAF +40.0%, XXII -19.7%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+280%). Elevated short interest concentrated in CGC at 10.9 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 →