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Oct-2024
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Overview
Market Insights Snapshot
Abstrakt has shown a consistent presence in the Vapor Pens category in Arizona. Over the past few months, the brand has maintained a strong position, fluctuating slightly between the 4th and 5th ranks from July to October 2024. This stability indicates a solid consumer base and effective market strategies within the state. However, the sales figures reveal a downward trend from August to September, with a slight recovery in October. This movement could suggest seasonal demand fluctuations or increased competition, which may require strategic adjustments to maintain or improve their ranking.
Interestingly, the absence of Abstrakt from the top 30 rankings in other states or provinces across different categories suggests a concentrated market presence primarily in Arizona's Vapor Pens segment. This could be a strategic decision to dominate a specific niche or a reflection of challenges in expanding their footprint geographically or across other product categories. The data indicates that while Abstrakt is performing well in Arizona, there may be untapped potential or hurdles in other regions that could impact their overall growth trajectory. Understanding these dynamics could be crucial for stakeholders looking to leverage Abstrakt's brand strengths in broader markets.
Competitive Landscape
In the competitive landscape of vapor pens in Arizona, Abstrakt has demonstrated resilience and adaptability, maintaining a steady presence in the top ranks. Over the past few months, Abstrakt has consistently held the 4th or 5th position, indicating a stable market performance. Notably, STIIIZY has dominated the top spot consistently, showcasing a significant lead in sales, while Dime Industries has maintained a strong 3rd position. Abstrakt's sales have shown a slight dip from July to September, but a recovery is evident in October, aligning closely with Super Fog by Mfused, which has seen a remarkable climb from 12th to 5th place. This competitive dynamic suggests that while Abstrakt is holding its ground, there is a need to strategize further to close the gap with higher-ranking brands and capitalize on the upward sales trend observed in October.
Notable Products
In October 2024, the top-performing product from Abstrakt was the Strawberry Cough Distillate Cartridge (1g) in the Vapor Pens category, which achieved the number one rank with sales of 4097. The Paris OG Distillate Cartridge (1g) maintained its second-place position from September, with sales slightly decreasing to 3889. The Raspberry Lemonade Distillate Cartridge (1g) held steady in third place, showing consistent sales performance. The Jealousy Distillate Cartridge (1g) improved its ranking from fifth in September to fourth in October, indicating a positive trend. Notably, the Bubba Bomb Distillate Cartridge (1g) dropped from first place in September to fifth in October, reflecting a significant change in consumer preferences.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
