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Oct-2024
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Overview
Market Insights Snapshot
Goldsmith Extracts has shown a steady presence in the Arizona concentrates market. From July to October 2024, the brand maintained a consistent ranking, hovering around the 23rd to 24th positions, before moving up to 22nd in October. This slight improvement indicates a positive trend, suggesting that their strategies in this category might be paying off. Despite the fluctuations in sales figures, which saw a dip in September, the brand has managed to reclaim ground by October, hinting at effective market adjustments or product offerings that resonate well with consumers.
In contrast, Goldsmith Extracts' performance in the Arizona vapor pens category has been more volatile. Starting at the 40th position in July, the brand saw a slight dip in rankings, falling to 43rd in September, before climbing back to 38th in October. This movement suggests challenges in maintaining a strong competitive edge within the top 30, which could be due to increased competition or shifts in consumer preferences. The sales figures reflect this volatility, with a notable drop in August and September, followed by a recovery in October. This indicates potential areas for growth and improvement, particularly in stabilizing their market position.
Competitive Landscape
In the competitive landscape of vapor pens in Arizona, Goldsmith Extracts has experienced fluctuating rankings over the past few months, with its position slightly improving from 43rd in September 2024 to 38th in October 2024. This upward trend is promising, especially considering the competitive pressure from brands like Achieve, which saw a notable rise from 38th to 35th in the same period, and Sweet Science, which has maintained a relatively stable position around the low 40s. Despite a dip in sales during August and September, Goldsmith Extracts has shown resilience with a rebound in October, indicating potential for further growth. Meanwhile, The Pharm has demonstrated a volatile ranking, peaking at 36th in August before dropping to 41st in October, which could suggest opportunities for Goldsmith Extracts to capitalize on market shifts. As the vapor pen market in Arizona remains dynamic, understanding these competitive movements is crucial for strategic positioning and capturing market share.
Notable Products
In October 2024, the top-performing product from Goldsmith Extracts was the Grand Daddy Purple Distillate Syringe (1g) in the Concentrates category, reclaiming its number one rank with notable sales of 617 units. The GrandDaddy Purple Distillate Syringe (0.5g) rose significantly in rank to second place, improving from fifth in the previous two months. Sour Tangie Distillate Syringe (1g) maintained a steady performance, holding third position, while Mimosa Distillate Syringe (1g) slipped from second in September to fourth. Purple Punch Badder (1g), which previously topped the charts in August and September, fell to fifth place in October. This shift in rankings highlights a dynamic market with changing consumer preferences within the Concentrates category.
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.
