Opening Brief
November 10, 2026 · 2:00 PM UTC
Cannabis Opens Mixed Signals Across Sector
Neutral macro with VIX firm at 20.4, 10Y at 4.90%, S&P +2.4%, DXY -0.6%. Broad breadth across the 326-ticker cannabis universe — 83 advancing, 42 declining (66% up). Leaders and laggards: NXTC +17.6%, SKYE -30.3%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+259%). 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 →