Market Close
November 9, 2026 · 9:15 PM UTC
Close: Cannabis Ends Session Rangebound Action Continues
Session closes with the following read. Neutral macro with VIX at 19.8, 10Y at 4.87%, S&P +2.6%, DXY -0.6%. Mixed tape across the 326-ticker cannabis universe — 79 advancing, 46 declining (63% up). Leaders and laggards: CRBP +21.5%, CWBHF -15.1%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+255%). Elevated short interest concentrated in CGC at 10.7 days-to-cover.
CIN TAKE
Rangebound action continues with no macro edge to press. Position sizing should reflect the lack of directional clarity — smaller, catalyst-linked, and quick to reduce. Wait for either breadth expansion or a macro break before adding conviction.
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 →