Oct-2024
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Overview
Market Insights Snapshot
Hustler's Ambition has shown notable performance fluctuations across different categories and states, with some intriguing movements in rankings over recent months. In Nevada, the brand's Flower category experienced a significant climb in rankings, moving from 22nd in September 2024 to 11th in October 2024. This upward trend in Nevada's Flower category suggests a strong recovery and increased market presence, as evidenced by a substantial increase in sales during the same period. However, the Pre-Roll category tells a different story, where Hustler's Ambition dropped from 21st in August to 45th in October, indicating potential challenges in maintaining its competitive edge in this segment.
The performance in the Pre-Roll category for Hustler's Ambition in Nevada highlights areas of concern, as the brand fell out of the top 30 rankings by October 2024. This decline suggests that there might be increased competition or shifts in consumer preferences impacting their sales. Despite these setbacks in the Pre-Roll category, the brand's ability to rebound in the Flower category demonstrates resilience and adaptability. The contrasting trends across these categories underscore the importance of strategic focus and market responsiveness for Hustler's Ambition as it navigates the dynamic cannabis market landscape in Nevada.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Hustler's Ambition has experienced notable fluctuations in rank and sales over the past few months. In July 2024, Hustler's Ambition held the 14th position, but by September, it had dropped out of the top 20, indicating a significant challenge in maintaining its market presence. However, by October, it rebounded to the 11th spot, showcasing resilience and potential for growth. Competitors like Firestar have shown impressive performance, climbing from the 26th rank in July to the 9th in October, which could be attributed to their substantial increase in sales. Meanwhile, CAMP (NV) maintained a strong presence, consistently ranking within the top 10, despite a slight dip in August. Ghost Town Cannabis also demonstrated significant upward mobility, moving from 62nd in July to 12th in October. These dynamics suggest that while Hustler's Ambition has potential, it faces stiff competition from brands that are rapidly gaining traction in the Nevada market.
Notable Products
In October 2024, Sticky Fingers (3.5g) emerged as the top-performing product for Hustler's Ambition, climbing to the number one rank with impressive sales of 3,237 units. Mochi Gelato (3.5g) consistently held the second position from August through October, indicating stable consumer preference with 2,808 units sold in October. Mochi Gelato (14g) entered the rankings for the first time in October at the third position, showing a strong debut. Apple Tartz Pre-Roll (1g), previously ranked first in August and September, fell to fourth place in October, reflecting a significant drop in sales performance. Sticky Fingers (14g) also made its first appearance in the rankings, securing the fifth spot, suggesting growing interest in larger quantities of this product.
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.