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Nov-2024
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Overview
Market Insights Snapshot
INDO has demonstrated a strong performance in the Nevada market, particularly within the Capsules and Topical categories. In Capsules, INDO maintained a top position, moving from second place in August 2024 to first in both September and October, before settling back to second in November. This consistency at the top of the rankings indicates a strong consumer preference and market presence. In the Topical category, INDO showed similar resilience, maintaining a steady rank of third place in September and October, before climbing back to second in November. These movements suggest a robust demand for INDO's products in these categories, supported by a visible increase in sales figures over the months.
Conversely, INDO's presence in other categories and states showed varied results. In the Vapor Pens category in Nevada, INDO managed to improve its position slightly, moving from 14th in August to 13th by October and November. However, INDO's performance in the Pre-Roll category in Nevada and the Flower category in Washington suggests room for growth, as the brand did not rank in the top 30 during the analyzed months. This absence from the top rankings in these categories might indicate challenges in market penetration or competition, presenting opportunities for INDO to strategize for better engagement and visibility in these segments.
Competitive Landscape
In the competitive landscape of vapor pens in Nevada, INDO has shown a consistent performance with a slight upward trend in rankings from 15th in September 2024 to 13th in both October and November 2024. This improvement in rank is mirrored by a steady increase in sales, indicating a strengthening market position. In contrast, Cannavative, a key competitor, experienced a decline from 7th in October to 12th in November, with a corresponding drop in sales, suggesting potential challenges in maintaining its market share. Meanwhile, Medizin has maintained a stable position, slightly improving to 11th in November, which could pose a competitive threat to INDO if this trend continues. Additionally, CAMP (NV) and BOUNTI have fluctuated in their rankings, indicating volatility that INDO could capitalize on to further enhance its standing. Overall, INDO's consistent sales growth and stable ranking suggest a positive trajectory in the Nevada vapor pens market, positioning it well against its competitors.
Notable Products
In November 2024, the CBD/CBN/THC 4:4:1 Jungle Stick IndoBalm (400mg CBD, 400mg CBN, 100mg THC), a Topical product, maintained its top position with notable sales reaching 1523 units. The Acapulco Gold Distillate Disposable (0.9g) in the Vapor Pens category rose to the second rank from third in October, showing a strong sales performance. Gelato Distillate Disposable (0.9g), also in Vapor Pens, dropped to third place despite a previous second rank in October. Blueberry Punch Distillate Disposable (0.9g) remained steady at fourth rank, while THC Max Tablet Capsule 8-Pack (800mg) held its fifth position since October. Overall, the rankings indicate a consistent preference for topical and vapor pen products from INDO, with slight shifts in consumer interest over the 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.
