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Aug-2024
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Overview
Market Insights Snapshot
Dabwoods Premium Cannabis has shown notable performance in the Vapor Pens category across various states. In California, the brand demonstrated a consistent upward trajectory, moving from rank 16 in May 2024 to rank 13 by August 2024. This positive movement is supported by a substantial increase in sales, culminating at $1,792,325 in August. Conversely, in Nevada, the brand faced more volatility, with rankings fluctuating from 22 in May to a low of 29 in June before recovering to 21 by August. Despite these fluctuations, sales showed a recovering trend, increasing from $91,031 in June to $160,380 in August, indicating a resilience in market presence.
However, it is important to note that Dabwoods Premium Cannabis did not make it into the top 30 brands in some months across different states, which could be seen as a potential area for improvement. For instance, the brand's lower ranking in Nevada during June suggests a period of weaker performance or increased competition. The absence of a top 30 ranking in any month would be a red flag for stakeholders monitoring the brand's market penetration and competitive stance. Overall, while Dabwoods Premium Cannabis has shown strength in key markets, there are still opportunities for growth and stabilization in their rankings across states.
Competitive Landscape
In the competitive landscape of vapor pens in California, Dabwoods Premium Cannabis has shown notable fluctuations in its ranking over the past few months. Starting at rank 16 in May 2024, Dabwoods experienced a dip to rank 18 in June, but then saw a resurgence, climbing to rank 13 by August 2024. This upward trend is significant, especially when compared to competitors like Bloom, which saw a decline from rank 11 to rank 14 in the same period, and Sauce Essentials, which remained relatively stable but lower in rank. Meanwhile, Dime Industries maintained a higher and more consistent ranking, though it too experienced a slight drop from rank 10 to rank 12. The most dramatic shift was observed with Gramlin, which surged from rank 30 in May to rank 11 in August, indicating a significant market entry. These dynamics suggest that while Dabwoods Premium Cannabis is gaining traction, it faces stiff competition from both established and emerging brands, making it crucial for Dabwoods to continue its upward momentum to secure a stronger market position.
Notable Products
In August 2024, the top-performing product from Dabwoods Premium Cannabis was Blue Dream Distillate Dab Pod (1g) in the Vapor Pens category, which achieved the number one rank with sales of 4,175 units. Tangie Liquid Diamond Disposable (1g) climbed to the second position from fifth place in July 2024. Blue Raspberry Slushee Distillate Disposable (1g) dropped to third place, having previously held the top spot for two consecutive months. Georgia Peach Distillate Disposable (1g) entered the rankings at fourth place, while Gumi Liquid Diamonds Disposable (1g) debuted at fifth place. Overall, the Vapor Pens category saw significant changes in rankings, with notable upward and downward movements among the top products.
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.
