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May-2024
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Overview
Market Insights Snapshot
Kingpin Farms LLC (formerly Colorado Rocky Mountain Farms) has demonstrated notable performance in the Colorado market, particularly in the Flower category. Over the months from February to May 2024, the brand has shown a consistent upward trend in its rankings. Starting at the 27th position in February, Kingpin Farms LLC improved to 26th in March, and made a significant leap to 12th in April and 9th in May. This upward movement is indicative of their growing market presence and consumer preference within Colorado's competitive Flower category. The brand's sales figures also reflect this positive trajectory, with a considerable increase from $298,478 in February to $598,951 in May, suggesting effective market strategies and product quality that resonate well with consumers.
However, it's important to note that Kingpin Farms LLC's presence in other states and categories remains unmentioned, implying that they did not make it into the top 30 brands in those regions or categories during this period. This could be viewed as a potential area for growth and expansion for the brand. The absence from the top rankings in other markets could be due to various factors such as market saturation, regional preferences, or competitive dynamics. For stakeholders and potential investors, this highlights both the brand's stronghold in Colorado and the opportunities for strategic initiatives to enhance their footprint in other states and product categories.
Competitive Landscape
In the competitive landscape of the Colorado flower category, Kingpin Farms LLC (formerly Colorado Rocky Mountain Farms) has demonstrated a notable upward trajectory in rank and sales over the past few months. Starting at rank 27 in February 2024, Kingpin Farms LLC has climbed to rank 9 by May 2024, indicating a significant improvement in market position. This rise is particularly impressive when compared to competitors like LoCol Love (TWG Limited), which moved from rank 23 to 11, and Green Tree Medicinals (CO), which fluctuated but ultimately reached rank 10. Meanwhile, Terrapin Care Station experienced a decline from rank 4 to 7, and Artsy Cannabis Co maintained a strong presence, moving from rank 36 to 8. The consistent sales growth of Kingpin Farms LLC, especially in the face of fluctuating ranks of other brands, highlights its strengthening foothold in the market, making it a formidable competitor in the Colorado flower category.
Notable Products
In May 2024, the top-performing product from Kingpin Farms LLC (formerly Colorado Rocky Mountain Farms) was OG Lime Killer (Bulk), maintaining its number one rank with sales of $36,901. Mac & Cheese (Bulk) held the second position, while Mac & Cheese #6 Popcorn (Bulk) secured the third spot. Notably, Hype Train (Bulk) climbed to the fourth position, previously unranked in April. Starburstz (Bulk) also entered the top five, moving up from its unranked status in April to fifth place. These changes highlight a dynamic shift in consumer preferences compared to previous 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.
