Opening Brief
November 11, 2026 · 2:00 PM UTC
Cannabis Opens Mixed Signals Across Sector
Neutral macro with VIX at 18.3, 10Y at 5.00%, S&P -0.4%, DXY +0.6%. Mixed tape across the 326-ticker cannabis universe — 67 advancing, 58 declining (54% up). Leaders and laggards: SKYE +21.6%, SHFS -35.9%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+296%). 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 →