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Nov-2024
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Overview
Market Insights Snapshot
Good Taste has shown a promising upward trajectory in the Edible category in Missouri. Starting at rank 19 in August 2024, the brand improved its position to rank 14 by November 2024. This consistent rise in rankings suggests a growing consumer preference for their edible products in the state. The sales figures reflect this trend, with a notable increase from approximately $261,121 in August to $383,162 in November. Such a significant growth in sales indicates that Good Taste is successfully capturing market share and enhancing its brand presence in Missouri's competitive edible market.
While Good Taste has made impressive gains in Missouri, it is crucial to note that their performance in other states and categories remains undisclosed, potentially indicating areas where the brand has yet to establish a strong foothold. The absence of rankings in other states suggests that Good Taste may not be among the top 30 brands in those regions or categories, which could highlight opportunities for expansion or areas needing strategic focus. Analyzing these dynamics can provide valuable insights into the brand's overall market strategy and potential growth avenues.
Competitive Landscape
In the competitive landscape of the edible cannabis market in Missouri, Good Taste has demonstrated a steady performance in recent months, maintaining its rank at 14th place from October to November 2024. This stability is notable in the face of significant movements by competitors. For instance, DOSD Edibles has shown a remarkable upward trajectory, climbing from 19th place in October to 12th in November, indicating a strong growth in sales. Meanwhile, Greenlight experienced a volatile ranking, dropping from 9th in August to 23rd in September, before recovering to 13th in October and maintaining that position in November. This fluctuation suggests potential challenges in sustaining consistent sales. Additionally, Smokey River Cannabis and Tsunami have shown relatively stable performances, with Smokey River Cannabis holding the 16th position in November and Tsunami slightly declining to 15th. These dynamics highlight Good Taste's ability to maintain its market position amidst a competitive and shifting landscape, suggesting a need for strategic initiatives to capitalize on its stable base and potentially improve its ranking further.
Notable Products
In November 2024, the top-performing product from Good Taste was the Sativa Clementine Gummies 10-Pack (100mg) in the Edible category, maintaining its consistent first-place ranking from the previous months with sales reaching 4022 units. The Blackberry Yuzu Gummies 20-Pack (1000mg) saw a significant rise, securing the second position, an improvement from its fourth place in September 2024. Blue Razzberry Gummies 10-Pack (100mg) held steady in third place, showing a slight increase in sales to 2623 units. Pink Lemonade High Dose Gummies 10-Pack (300mg) ranked fourth, dropping from its second position in October 2024. Newly introduced or previously unranked, the CBD/THC 1:1 Watermelon Gummies 10-Pack (100mg CBD, 100mg THC) entered the rankings at fifth place, suggesting a strong market entry.
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.
