Midday Update
November 9, 2026 · 5:30 PM UTC
Midday: Broad Strength as Cannabis Holds Steady
Midday check-in on cannabis tape. Neutral macro with VIX firm at 20.5, 10Y at 4.88%, S&P +2.2%, DXY -0.4%. Broad breadth across the 326-ticker cannabis universe — 83 advancing, 42 declining (66% up). Leaders and laggards: EDDY.V +44.4%, CVSI -25.0%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+266%). Elevated short interest concentrated in CGC at 10.7 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 →