Nov-2024
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Overview
Market Insights Snapshot
In the state of Michigan, Bamn has shown notable performance in the Concentrates category. Over the months from August to November 2024, Bamn improved its ranking from 11th to 7th, indicating a strong upward trajectory in this segment. This positive movement is further underscored by a significant increase in sales, with November seeing a substantial rise compared to previous months. However, the brand's presence in the Vapor Pens category is less prominent, as it only emerged in the rankings in November, positioned at 93rd. This suggests either a new entry into this category or a need for strategic focus to enhance their standing.
Conversely, Bamn's performance in the Flower category within Michigan presents a mixed picture. While they climbed to 21st place in October, their ranking fell back to 36th in November, indicating potential volatility or challenges in maintaining a consistent market presence. This fluctuation in rankings could be attributed to various market dynamics or competitive pressures, which may require further analysis. The absence of Bamn from the top 30 in several instances across categories could highlight areas for growth or strategic realignment, especially when compared to their more robust position in Concentrates.
Competitive Landscape
In the competitive landscape of Michigan's flower category, Bamn experienced notable fluctuations in its rank from August to November 2024. Starting at 37th in August, Bamn climbed to 21st place by October, showcasing a significant upward trend in sales performance during this period. However, by November, Bamn's rank slipped back to 36th, indicating a potential challenge in maintaining its competitive edge. In contrast, Grown Rogue saw a consistent decline, falling from 10th in August to 41st by November, which could suggest a loss of market share that Bamn might capitalize on. Meanwhile, North Cannabis Co. demonstrated a volatile pattern, peaking at 18th in October before dropping to 30th in November, while Muha Meds maintained a relatively stable position around the 30s range. These dynamics highlight the competitive pressures in the Michigan flower market and underscore the importance for Bamn to leverage its brief surge in October to strategize for sustained growth amidst fluctuating competitor performances.
Notable Products
In November 2024, Bamn's top-performing product was Jungle Cake Cured Resin (1g) in the Concentrates category, maintaining its first-place ranking from October and achieving a notable sales figure of 35,685. Bubblegum Gelato Cured Resin (1g) rose to second place, marking a significant improvement from its previous absence in the top rankings in October. GMO Cured Resin (1g) moved up to third place from fourth, showing a consistent increase in its popularity. Sour Apple Sherb Cured Resin (1g) entered the rankings at fourth place, indicating a new entry into the top products list. Cherry AK 47 (3.5g) in the Flower category debuted at fifth place, highlighting its growing demand.
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.