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Nov-2024
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Overview
Market Insights Snapshot
Drip Oils + Extracts has shown notable performance across various product categories in Arizona. In the Concentrates category, the brand has made a significant leap from rank 9 in September 2024 to rank 4 by November 2024, indicating a strong upward trend in consumer preference or market penetration. Their Tincture & Sublingual products have consistently held the number one spot throughout the observed months, highlighting their dominance in this niche. However, the Vapor Pens category presents a different story, where the brand has maintained a steady rank of 12, suggesting a stable yet unremarkable performance compared to their other categories. Meanwhile, in the Topical category, Drip Oils + Extracts experienced fluctuations but managed to regain the top position in October, pointing to potential seasonal demand or effective promotional strategies.
The performance of Drip Oils + Extracts in Michigan reveals a different trajectory, particularly in the Vapor Pens category. While the brand was not in the top 30 in August 2024, it climbed to rank 42 by November, reflecting a positive growth trend. This improvement might suggest increased brand recognition or successful market entry strategies in Michigan. The absence of Drip Oils + Extracts from the top 30 in other categories within Michigan indicates either a lack of presence or competitive challenges in those segments. This contrast between states underscores the varying market dynamics and consumer preferences that the brand faces across different regions.
Competitive Landscape
In the competitive landscape of vapor pens in Arizona, Drip Oils + Extracts has maintained a consistent rank of 12th from August to November 2024, indicating stable performance amidst fluctuating market dynamics. Notably, IO Extracts has consistently held a higher rank, ranging from 9th to 10th, suggesting a strong market presence and potentially capturing a larger share of consumer preference. Meanwhile, Fade Co. has shown significant improvement, climbing from 22nd in September to 13th in November, which could indicate an emerging threat to Drip Oils + Extracts' position if this upward trend continues. Canamo has maintained a similar rank to Drip Oils + Extracts, suggesting a close competition, while CAKE she hits different has experienced more volatility, peaking at 11th in September but dropping to 14th in subsequent months. These dynamics highlight the importance for Drip Oils + Extracts to innovate and differentiate to maintain and potentially improve its market standing.
Notable Products
In November 2024, the top-performing product for Drip Oils + Extracts was High THC RSO (1g) in the Concentrates category, reclaiming its first-place rank with notable sales of 4688 units. The Do-Si-Dos Distillate Cartridge (1g) in the Vapor Pens category maintained a strong performance, ranking second after topping the list in October. The Mimosa Distillate Cartridge (1g) showed impressive growth, moving up to third place from fifth in October. Meanwhile, the Green Crack Distillate Cartridge (1g) held steady in fourth place for two consecutive months. Blue Dream Distillate Cartridge (1g) completed the top five, showing a consistent presence despite a slight drop in sales rank from third in October.
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.
