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Nov-2024
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Overview
Market Insights Snapshot
Goldsmith Extracts has shown a consistent presence in the Arizona concentrates market, maintaining a rank within the top 25 brands over the past few months. Notably, they improved their position from 24th in September to 21st in November 2024, indicating a positive trend in this category. This upward movement suggests a strengthening brand presence and possibly an increased consumer preference for their concentrate products. However, in the vapor pens category, Goldsmith Extracts has struggled to break into the top 30 consistently, with rankings fluctuating between 39th and 43rd over the same period. This indicates a potential area for growth and improvement, as their performance in this category has not mirrored their success in concentrates.
While Goldsmith Extracts has managed to sustain itself in the concentrates category in Arizona, their vapor pen sales have shown a more volatile pattern. Despite a peak in October 2024, where sales reached a notable high, the brand's ranking dipped again in November, suggesting that while there is demand, maintaining consistent performance in this category remains a challenge. The absence of Goldsmith Extracts from the top 30 in other states or provinces highlights the brand's current geographical limitations, focusing primarily on Arizona for market share. This concentrated market presence might serve as both a strength and a strategic area for expansion if the brand aims to diversify its influence beyond Arizona.
Competitive Landscape
In the competitive landscape of the concentrates category in Arizona, Goldsmith Extracts has shown a consistent presence, maintaining a rank between 21st and 24th from August to November 2024. This stability in ranking indicates a steady market position, although it faces stiff competition from brands like Sweet Science, which improved its rank from 27th in August to 19th by November, and 22Red, which climbed into the top 20 by October. Meanwhile, Amber experienced a significant drop from 6th in September to 22nd in November, suggesting potential volatility in customer preference or market strategies. Goldsmith Extracts' sales figures have remained relatively stable, but the upward trends of competitors like Sweet Science, which saw a notable increase in sales, could pose a challenge if Goldsmith Extracts aims to improve its market share. This competitive analysis highlights the importance of strategic positioning and adaptability in the dynamic Arizona concentrates market.
Notable Products
In November 2024, Grand Daddy Purple Distillate Syringe (1g) maintained its position as the top-performing product for Goldsmith Extracts, despite a slight decrease in sales to 436 units. Purple Punch Badder (1g) rose to the second spot, showing a recovery from its fifth position in October, with sales reaching 399 units. Sour Tangie Distillate Syringe (1g) held steady at the third rank, indicating consistent performance across the months. Dutch Treat Distillate Syringe (1g) appeared in the rankings for the first time, debuting at fourth place. Pink Panties Distillate Syringe (1g) completed the top five, maintaining its position from October despite not being ranked in previous months.
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.
