Oct-2024
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Overview
Market Insights Snapshot
Lavi has demonstrated a consistent performance in the Nevada market, particularly in the Flower category where it maintained a solid presence among the top 10 brands. From July to October 2024, Lavi's rank fluctuated slightly, holding the 8th position in July and September, and improving to the 7th position in August and October. This stability in the rankings suggests a strong brand loyalty and market presence, especially considering the competitive nature of the Flower category. The sales figures reflect this trend, with a notable peak in August, followed by a slight dip in September and a rebound in October.
In contrast, Lavi's performance in the Pre-Roll category in Nevada indicates a more volatile trajectory. Initially ranked 53rd in July, Lavi made a significant leap to 34th in August. However, the absence of rankings for September and October suggests that Lavi did not maintain a top 30 position in this category, highlighting potential challenges in sustaining their competitive edge. This could be indicative of either increased competition or a shift in consumer preferences within the Pre-Roll segment. While the brand showed potential with a marked improvement in August, maintaining this momentum appears to be a challenge.
Competitive Landscape
In the competitive landscape of the Flower category in Nevada, Lavi has maintained a steady presence, consistently ranking 7th or 8th from July to October 2024. Despite a slight dip in sales in September, Lavi's performance rebounded in October, reflecting resilience amidst fluctuating market dynamics. Notably, &Shine has shown a strong upward trajectory, climbing to the 5th position by October, which could pose a competitive challenge for Lavi. Meanwhile, Nature's Chemistry and FloraVega / Welleaf have experienced more volatility, with Nature's Chemistry returning to the 6th position in October after a dip, and FloraVega / Welleaf showing a similar pattern. Lavi's consistent ranking suggests a stable customer base, but the brand must strategize to counter the rising competition from &Shine and capitalize on the volatility of others to enhance its market position.
Notable Products
In October 2024, Orange Beltz (14g) emerged as Lavi's top-performing product, climbing from a fourth-place rank in September to first place with sales reaching 2309 units. La Bomba (14g) maintained a strong position, holding steady in second place, despite a slight decline in sales compared to previous months. Apples & Bananas (14g) improved its standing from fifth to third place, indicating a positive trend in consumer preference. Ape Tape (14g) entered the rankings for the first time, securing the fourth spot, while Lemon Cherry Gelato (14g) dropped from first to fifth place, experiencing a decrease in sales figures. This shift in rankings highlights a dynamic change in consumer preferences and product performance for Lavi's offerings.
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.