Oct-2024
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Overview
Market Insights Snapshot
In the state of Arizona, IO Extracts has shown varying performance across different product categories. In the Concentrates category, the brand fluctuated in its rankings, starting at 10th in July 2024, peaking at 5th in August, then dropping to 8th in September, and finally returning to 10th by October. This movement indicates a competitive market where IO Extracts managed to briefly climb but ultimately settled back to its starting position. The sales figures reflect this trend, with a noticeable decline in October. Meanwhile, in the Vapor Pens category, IO Extracts maintained a consistent 10th place ranking throughout the same period, suggesting a steady presence in the market without significant upward or downward shifts.
The consistent ranking in the Vapor Pens category in Arizona could be seen as a sign of stability, though it also highlights a lack of significant growth or breakthrough into higher ranks. The sales in this category showed resilience, with a notable increase in October, contrasting with the downward trend in Concentrates. The absence of IO Extracts from the top 30 brands in any other state or category during these months suggests that their market presence might be concentrated primarily in Arizona, or that they face strong competition elsewhere. This could be an area of focus for the brand, as expanding their footprint beyond Arizona might be crucial for future growth.
Competitive Landscape
In the competitive landscape of vapor pens in Arizona, IO Extracts has consistently maintained its position at rank 10 from July to October 2024. This stability in rank suggests a steady performance amidst a dynamic market. Notably, WTF Extracts experienced a significant fluctuation, moving from rank 7 in July to 4 in September, before dropping to 8 in October, indicating a volatile sales pattern that could present opportunities for IO Extracts to capitalize on any inconsistencies. Meanwhile, Mfused saw a decline from rank 3 in July to 11 by September, suggesting a downward trend that IO Extracts could potentially exploit to improve its market position. Jeeter maintained a stable rank at 9, just above IO Extracts, indicating a close competition. In contrast, Drip Oils + Extracts showed a gradual improvement from rank 14 in July to 12 in October, which could pose a future threat if their upward trend continues. Overall, IO Extracts' consistent ranking amidst these fluctuations highlights its resilience and potential for growth in the Arizona vapor pen market.
Notable Products
In October 2024, the top-performing product from IO Extracts was the Sour Diesel Distillate Cartridge (1g) in the Vapor Pens category, reclaiming its number one position from July and August after a brief drop to fourth place in September. The Lemon Haze Distillate Disposable (1g) followed closely, maintaining a strong presence by rising from fifth place in August to second in September and October, with sales figures reaching 1,390 units. Pineapple Express Distillate Cartridge (1g) secured the third position, showing consistent performance despite not being ranked in August. Strawberry Milkshake Distillate Cartridge (1g) ranked fourth, exhibiting a slight improvement from its fifth position in September. Notably, the Granddaddy Purple Distillate Cartridge (1g) made its debut in the rankings in October, taking the fifth spot with 1,090 units sold.
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.