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Oct-2024
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Overview
Market Insights Snapshot
The performance of #Hash across various states reveals intriguing patterns, particularly in the concentrates category. In Illinois, #Hash has been fluctuating within the top 30, with rankings ranging from 25th to 30th over the past four months. This indicates a somewhat volatile presence in the market, with a notable dip in October 2024 to the 29th position. Meanwhile, in Maryland, the brand maintained a stronger foothold in the earlier months, consistently ranking 11th in August and September 2024, before slipping to 17th in October. This decline could suggest increased competition or changing consumer preferences in the state.
Conversely, #Hash has shown remarkable consistency and strength in Michigan and New York, maintaining the 2nd position in the concentrates category throughout the entire four-month period. This stable high ranking underscores the brand's strong market presence and consumer loyalty in these states. In Michigan, #Hash has even seen a substantial increase in sales from September to October 2024, indicating a positive growth trend. The brand's performance in these areas highlights the potential for further expansion and consolidation of its market position, particularly in regions where it already enjoys a strong customer base.
Competitive Landscape
In the competitive landscape of concentrates in Michigan, #Hash has maintained a consistent rank at the second position from July to October 2024. Despite this stable ranking, the brand has experienced a notable increase in sales, particularly in October, where sales surged significantly. This positions #Hash as a strong competitor, although it remains behind The Limit, which consistently holds the top rank with even higher sales figures. Meanwhile, Cannalicious Labs has shown upward momentum, climbing from sixth to third place, indicating a potential threat if this trend continues. Rkive Cannabis also made a remarkable leap to fourth place in October, suggesting increased competition in the market. For #Hash, maintaining its sales growth trajectory will be crucial to defending its position amidst these dynamic shifts in the Michigan concentrates category.
Notable Products
In October 2024, the top-performing product from #Hash was Citral Glue Budder (1g) in the Concentrates category, which achieved the number one rank with sales of 5,856 units. This product experienced a significant jump from its previous third place in August 2024. Gary Budder (1g) secured the second position, a new entry for October, with notable sales figures. White Truffle Budder (1g) followed closely in third place, maintaining a strong presence in the rankings. The rankings for Lava Cake Budder (1g) and LA Mendo Crumble (1g) rounded out the top five, both appearing in the top rankings for the first time 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.
