Opening Brief
November 12, 2026 · 2:00 PM UTC
Cannabis Opens Cautious Tone Prevails
Cautious tape with VIX at 18.9, 10Y at 5.05%, S&P +1.3%, DXY +0.7%. Broad breadth across the 326-ticker cannabis universe — 83 advancing, 42 declining (66% up). Leaders and laggards: SHFS +54.1%, GRWG -16.6%. Analyst consensus tilts bullish — 43 Buys, 5 Holds, 7 Sells. Widest implied upside: QNTM to $8.00 (+312%). Elevated short interest concentrated in CGC at 10.9 days-to-cover.
CIN TAKE
Analyst conviction is building faster than the macro will allow it to be paid. Buy-side upside targets look right on 12-month math but wrong on 12-week timing. Selective, catalyst-anchored positioning only — no broad-beta adds until macro cracks lower.
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 →