Oct-2024
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Overview
Market Insights Snapshot
Dabstract's performance across various states and categories shows a mix of strengths and challenges. In Illinois, the brand's ranking in the Vapor Pens category has been slipping, moving from 32nd in July 2024 to 42nd by October 2024. This downward trend is also reflected in sales, which decreased from $235,576 in July to $107,305 in October. Meanwhile, in Michigan, Dabstract did not break into the top 30 for Vapor Pens, indicating a need for strategic adjustments in this market. The absence from the top 30 suggests significant competition and potential areas for growth or reevaluation of market strategies.
In Missouri, Dabstract's performance in the Concentrates category has been relatively stable, maintaining a ranking around 31st in recent months. However, the Vapor Pens category saw the brand enter the top 60 in August and improve slightly to 54th by October, indicating potential growth in this segment. In Washington, Dabstract remains a strong contender in both Concentrates and Vapor Pens. Although there was a slight decline in rankings for Concentrates, from 7th in July to 16th in October, the brand continues to maintain a strong presence. Similarly, in Vapor Pens, despite a drop from 7th to 11th, sales figures remain robust, suggesting a solid market foothold.
Competitive Landscape
In the competitive landscape of vapor pens in Washington, Dabstract has experienced notable shifts in its market position from July to October 2024. Initially ranked 7th in July, Dabstract saw a decline to 11th place by October, indicating increased competition and potential challenges in maintaining its market share. This decline in rank coincides with a decrease in sales from approximately $1,025,396 in July to $882,725 in October. Meanwhile, competitors such as EZ Vape and Regulator have shown resilience, with EZ Vape improving its rank from 10th to 9th and Regulator maintaining a stable position around the 10th spot. Additionally, Fire Bros. has maintained a consistent 11th or 12th position, indicating steady competition. These dynamics suggest that while Dabstract remains a significant player, it faces mounting pressure from competitors who are either maintaining or improving their standings in the Washington vapor pen market.
Notable Products
In October 2024, the top-performing product for Dabstract was the Golden Pineapple Live Resin Cartridge (1g) in the Vapor Pens category, which ascended to the number one rank with impressive sales of 3735 units. The Trophy Wife Live Resin HTE Cartridge (1g) maintained its second-place position from September, showing consistent performance. Wedding Cake Live Resin Cartridge (1g) also held steady at third place, indicating stable demand. OG Chem Live Resin Distillate Cartridge (1g) experienced a drop from its previous top rank in July and September to fourth place in October. Sour Diesel Live Resin Cartridge (1g) entered the rankings for the first time in October, securing the fifth spot.
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.