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Aug-2024
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Overview
Market Insights Snapshot
In Colorado, DOSD Edibles has shown a consistent decline in its category rankings over the past few months. Starting at the 15th position in May 2024, the brand has steadily dropped to the 22nd position by August 2024. This downward trend is mirrored in their sales figures, which have decreased from $108,526 in May to $76,758 in August. The continuous drop in rankings and sales indicates potential challenges in maintaining market share within the state, possibly due to increasing competition or shifting consumer preferences.
Conversely, the performance of DOSD Edibles in Missouri presents a more volatile picture. The brand initially improved its standing from 17th in May to 11th in July, suggesting a period of growth and increased consumer acceptance. However, by August, DOSD Edibles saw a significant drop to the 28th position, falling out of the top 30 brands in the state. Despite this sharp decline in ranking, the brand experienced a dramatic fluctuation in sales, peaking at $434,450 in July before plummeting to $90,026 in August. This volatility underscores the unpredictable nature of the market and the potential need for strategic adjustments to stabilize their presence in Missouri.
Competitive Landscape
In the Missouri edible cannabis market, DOSD Edibles has shown a dynamic shift in its ranking over the past few months. Starting at rank 17 in May 2024, DOSD Edibles climbed to rank 11 by July 2024, indicating a positive trend in consumer preference and market penetration. However, a sharp decline to rank 28 in August 2024 suggests potential challenges, possibly due to increased competition or market saturation. Notably, Show Me, which was consistently ahead of DOSD Edibles, also experienced a significant drop from rank 8 in May to rank 30 in August, highlighting a broader market volatility. Meanwhile, Yum-eez and CORE Cannabis maintained relatively stable but lower rankings, suggesting they are less of a direct threat. The fluctuation in rankings emphasizes the importance for DOSD Edibles to continuously innovate and adapt to maintain its competitive edge in the Missouri edible market.
Notable Products
In August 2024, DOSD Edibles' top-performing product was Nano Bites - Mixed Fruit Gummies 10-Pack (100mg), maintaining its first-place rank despite a decrease in sales to 2857 units. The Nano Bites - CBD:THC 1:1 Raspberry Gummies 10-Pack (100mg CBD, 100mg THC) held steady in second place, showing a slight decline in sales figures. Nano Bites Blue Raspberry Gummies (100mg) climbed to third place from its previous absence in July, indicating a resurgence in popularity. The Nano Bites - CBD/THC 1:1 Pina Colada Gummies 10-Pack (100mg CBD, 100mg THC) dropped to fourth place, reflecting a significant dip in sales. Lastly, the Nano Bites - Cherry Cola Gummies (100mg) entered the rankings at fifth place with 667 units sold, marking its debut in the top five.
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.
