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Mar-2024
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Overview
Market Insights Snapshot
In the competitive cannabis market of Massachusetts, HighMark Provisions (HMP) has shown a noteworthy performance across several categories, with varying degrees of success. In the concentrates category, HMP made a significant leap from not being in the top 30 brands in December 2023 to ranking 26th by March 2024, indicating a strong upward trajectory in this segment. This improvement is underscored by a substantial increase in sales from February to March, hinting at growing consumer interest or strategic marketing efforts. Conversely, their performance in the flower category tells a different story, with a slight decline in rankings from 35th in December 2023 to 39th in March 2024, despite a rebound in sales in the same period. This suggests challenges in maintaining market position amidst stiff competition, though the increase in sales hints at a potentially loyal customer base.
The pre-roll category, however, stands out as HighMark Provisions' stronghold within the Massachusetts market. Consistently improving its rank from 26th in December 2023 to 21st in March 2024, HMP demonstrates a solid and growing presence in this segment. This steady climb in rankings, coupled with a significant increase in sales from December 2023 to March 2024, reflects a well-executed strategy in capturing and expanding their market share in pre-rolls. Such performance indicates a keen understanding of consumer preferences and effective product distribution. While the brand shows promising growth in concentrates and pre-rolls, the fluctuating performance in the flower category suggests an area for potential focus and improvement to achieve a more uniform success across the board.
Competitive Landscape
In the competitive landscape of the cannabis flower category in Massachusetts, HighMark Provisions (HMP) has experienced fluctuating ranks over the recent months, indicating a dynamic market position. From December 2023 to March 2024, HMP's rank shifted from 35th to 39th, reflecting a slight decline amidst stiff competition. Notably, In House has consistently outperformed HMP in terms of rank, maintaining positions within the top 40 and showcasing a more stable market presence despite a slight dip in rank from 30th to 37th. On the other hand, Khalifa Kush and Local Roots have shown significant rank improvements, with Khalifa Kush jumping from 65th to 38th and Local Roots moving up in the rankings as well, indicating a growing consumer preference for these brands. Sanctuary Medicinals also presents a noteworthy case, initially ranking higher than HMP but experiencing a decline to 41st by March 2024. This competitive analysis underscores the importance of strategic positioning and adaptation for HMP in a market where brand preferences and sales dynamics can shift rapidly.
Notable Products
In March 2024, HighMark Provisions (HMP) saw Strawberry Gary Pre-Roll (1g) leading the sales with 2245 units, marking a significant comeback to the top position from its earlier rank of 4 in January. Following closely, Gary Poppins Pre-Roll (1g) climbed to the second spot, showcasing a notable improvement in its sales performance. The Jelly Pancakes Pre-Roll (1g) maintained a consistent presence in the top three across multiple months, securing the third rank in March. Why U Gelly Pre-Roll (1g), despite being the top seller in January and February, experienced a slight decline, falling to the fourth position in March. The rankings indicate a dynamic competitive landscape within HMP's product offerings, with Fish Scale Pre-Roll (1g) rounding out the top five, highlighting the brand's diverse appeal in the pre-roll 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.
