Oct-2024
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Overview
Market Insights Snapshot
In the state of California, ABX / AbsoluteXtracts has shown consistent performance across multiple categories. Notably, the brand has maintained a strong ranking in the Capsules category, holding steady at the third position from August through October 2024, reflecting a solid market presence. This stability is mirrored by an upward trend in sales figures, which demonstrate a healthy consumer demand. In the Concentrates category, ABX / AbsoluteXtracts improved its position from 11th in July and August to 9th in September and October, indicating a positive reception of their product offerings. However, their performance in the Vapor Pens category has been more volatile, with rankings fluctuating between 20th and 24th, suggesting potential challenges in this competitive segment.
While ABX / AbsoluteXtracts has made strides in certain categories, some areas reveal opportunities for growth. For example, in the Edible category, the brand's ranking improved slightly from 18th in July to 17th by October, but still remains outside the top 15, indicating room for further market penetration. Similarly, in the Tincture & Sublingual category, the brand's rank fluctuated slightly, ending at 9th in October, which suggests a relatively stable but not dominant position. The brand's absence from the top 30 in some categories across other states could be seen as a gap in their market strategy or product appeal, highlighting the need for targeted efforts to enhance their competitive edge in those regions.
Competitive Landscape
In the competitive landscape of vapor pens in California, ABX / AbsoluteXtracts has experienced fluctuations in its rankings over the past few months, indicating a dynamic market environment. In July 2024, ABX / AbsoluteXtracts held the 20th position, but it slipped out of the top 20 in August and September, only to regain the 22nd spot in October. This suggests a volatile performance compared to competitors such as Punch Extracts / Punch Edibles, which consistently improved its rank to 20th by October. Meanwhile, Alien Labs and Papa's Herb also showed varying performances, with Alien Labs dropping to 24th and Papa's Herb to 23rd in October. Notably, Clsics demonstrated a positive trend, climbing from 24th in July to 21st in October. Despite these shifts, ABX / AbsoluteXtracts saw a recovery in sales in October, suggesting potential for regaining its competitive edge in the coming months.
Notable Products
In October 2024, the CBN/THC 2:5 Blueberry Lavender Sleepy Time Gummies 20-Pack maintained its top position as the best-selling product for ABX / AbsoluteXtracts, with sales reaching $7134. The Sleepytime- THC:CBN 2:1 Elderberry Gummies 20-Pack rose to second place, showing a significant increase from the previous month. Forbidden Fruit Terp Chews 20-Pack held steady in third place, consistent with its ranking in September. The THC Soft Gels 20-Pack made its entry into the rankings at the fourth position, indicating a strong debut. Meanwhile, THC Refresh Capsules 30-Pack remained in fifth place, showing stable performance throughout the months.
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.