Watch the Trees N Clouds Daily Market video for Thursday, Nov 5, 2026. Three charts on where cannabis stands the day after the midterms.
Download the video (MP4, 3 MB)
What's in today's video
Policy: Democrats won both chambers of Congress. Pennsylvania and Wisconsin now have legalization trifectas, North Carolina is eyeing medical cannabis in 2027, and the Texas lieutenant governor who led the THC-ban push lost his race. The debate has moved from whether legalization advances to how fast, and in which states first.
Markets: Investors sold the news in US MSOs. MSOS fell 3.6% on its heaviest volume in six sessions, while Canadian names rallied, led by Tilray at +11.7%.
Shelves: Across 16.6 million menu listings at 13,641 dispensaries, 26.4% of flower listings are out of stock. Edibles are the easiest category to keep stocked, at 17.3%.
The policy map is changing fast. The shelf is where brands and retailers feel it first.
Which state do you expect to move first in 2027: Pennsylvania, Wisconsin or Texas?
Stock moves are correlations, not proof of cause. Not investment advice. Menu data: Trees.Cloud, snapshot Oct 31, 2026.
Download the slides
Every slide from today's video is free to download and share, with credit to Trees N Clouds.
- Slide 1: Intro (PNG)
- Slide 2: Cannabis news (PNG)
- Slide 3: Cannabis stocks (PNG)
- Slide 4: Empty Shelves (PNG)
Transcript
The day after the midterms, the cannabis industry is reading the results as a reform map for 2027. Democrats won both chambers of Congress. Pennsylvania and Wisconsin now have legalization trifectas, and in Texas, the lieutenant governor who led the THC ban is out.
Wall Street sold the news. MSOS fell three point six percent on its heaviest volume in six sessions, while Canadian names rallied, led by Tilray, up almost twelve percent. Not investment advice.
And on the shelf, one in four flower listings is out of stock, across more than thirteen thousand dispensaries. For brands, that is a reorder list that writes itself.
So, which state moves first in 2027?
#cannabis #cannabisindustry #cannabispolicy #cannabisstocks #cannabisretail #Election2026
