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Oct-2024
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Overview
Market Insights Snapshot
Doctor Solomon's has demonstrated a strong performance in the Illinois market, particularly in the Tincture & Sublingual category, where it has consistently held the top rank from July to October 2024. This consistency highlights the brand's strong foothold and consumer preference in this category. However, in the Topical category, there was a slight decline in ranking from second to third place over the same period, indicating potential competition or market shifts. In Maryland, the brand maintained a strong presence in the Tincture & Sublingual category, albeit with a slight drop from first to second place after July. Meanwhile, in the Concentrates category, Doctor Solomon's improved its ranking from 14th to 8th, showcasing a positive upward trend and potential growth opportunities in this segment.
In Nevada, Doctor Solomon's has shown remarkable progress in the Concentrates category, moving up from 21st to 15th place from July to October. This improvement suggests increasing consumer interest or effective brand strategies in this market. The brand also achieved a stable first place in the Tincture & Sublingual category over the same period, reinforcing its dominance. However, in Massachusetts, the brand's presence in the Topical category only emerged in September, entering at sixth and improving to third place by October, which could indicate a strategic entry or growing market acceptance. In Ohio, Doctor Solomon's maintained a strong second place in Tincture & Sublinguals, while achieving the top rank in Topicals since September, suggesting a robust brand reputation and consumer loyalty in these categories.
Competitive Landscape
In the Maryland concentrates market, Doctor Solomon's has shown a steady improvement in rank from July to October 2024, moving from 14th to 8th position. This upward trend suggests a positive reception and growing consumer preference for their products. In comparison, MPX - Melting Point Extracts experienced fluctuations, dropping to 12th in August before recovering to 7th in October, indicating potential volatility in their market presence. Meanwhile, Organic Remedies maintained a strong performance, consistently ranking in the top 10, which could pose a competitive challenge for Doctor Solomon's. Alchemist remained stable around the 9th position, while CULTA showed significant improvement, jumping from 16th to 10th place by October. Doctor Solomon's sales have also seen an upward trajectory, reflecting their improved rank and suggesting a growing market share in a competitive landscape.
Notable Products
In October 2024, the top-performing product for Doctor Solomon's was the CBD/THC 1:3 Rescue Transdermal Balm (30mg CBD, 90mg THC) in the Topical category, maintaining its consistent first-place ranking from previous months with sales of 3090 units. The CBD/THC 3:1 Unwind Transdermal Balm (135mg CBD, 45mg THC) also performed well, ranking second, which is an improvement from its third-place position in September, with notable sales figures. The THC/CBN 1:1 Doze Drops Tincture (50mg THC, 50mg CBN, 15ml) ranked third, dropping slightly from second place in September. The CBD/THC 1:1 Restore Transdermal Lotion (100mg CBD, 100mg THC, 1oz) maintained a steady fourth-place ranking since it appeared in the rankings in September. Lastly, the CBD/THC 1:1 Restore Transdermal Lotion (200mg CBD, 200mg THC, 1.8oz) held its position at fifth place, consistent with its ranking in September.
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.
