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Sep-2024
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Overview
Market Insights Snapshot
Colorado's Best Dabs (CBD) has shown a notable upward trajectory in the Concentrates category within Colorado. Starting from a rank of 38 in June 2024, they have climbed to 24 by September 2024. This improvement is accompanied by a significant increase in sales, indicating a growing consumer preference for their products in this category. The brand's consistent presence in the top 30 in the Concentrates category is a positive indicator of its market strength and appeal in Colorado.
In contrast, Colorado's Best Dabs (CBD) has struggled to make a similar impact in the Pre-Roll category within the same state. Despite moving up from rank 66 in June to 52 by September, the brand has not yet broken into the top 30, suggesting room for growth and increased competition in this segment. The fluctuating ranks highlight the challenges faced in gaining a stronger foothold in the Pre-Roll market, despite a modest increase in sales. This disparity between categories underscores the brand's varying performance and the potential need to strategize differently across product lines in Colorado.
Competitive Landscape
In the competitive landscape of concentrates in Colorado, Colorado's Best Dabs (CBD) has demonstrated a notable upward trajectory in recent months. While starting at rank 38 in June 2024, the brand made a significant leap to rank 24 by September 2024. This improvement in rank is accompanied by a consistent increase in sales, indicating a strengthening market position. In contrast, Apothecary Extracts maintained a relatively stable rank, hovering around the mid-20s, while Harmony Extracts experienced fluctuations, peaking at rank 18 in July before dropping to 25 in September. Olio, a leading competitor, saw a decline from rank 11 in August to 23 in September, suggesting potential volatility. Meanwhile, The Greenery Hash Factory remained consistent, though slightly declining to rank 26 by September. These dynamics suggest that Colorado's Best Dabs (CBD) is gaining momentum, potentially capitalizing on the instability and shifts among its competitors.
Notable Products
In September 2024, the top-performing product for Colorado's Best Dabs (CBD) was the Lemon Apple Live Resin Cartridge (1g) in the Vapor Pens category, achieving the highest rank with sales of 1285 units. Following closely was the Mac Diamond Infused Pre-Roll (1g) in the Pre-Roll category, securing the second position. The Root Beer Slushee Diamond Infused Pre-Roll (1g) maintained its third-place position from June 2024, indicating consistent performance. Alien Chem Trails Wax (1g) and Jilly Bean Sugar Wax (1g), both in the Concentrates category, rounded out the top five, ranking fourth and fifth respectively. Notably, the Root Beer Slushee product saw an increase in sales from previous months, highlighting growing consumer interest.
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.
