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Aug-2024
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Overview
Market Insights Snapshot
Lazercat Cannabis has shown a dynamic performance across various categories and states, with notable movements in the Colorado market. In the Concentrates category, Lazercat Cannabis experienced a fluctuating trend, starting at rank 19 in May 2024, peaking at 16 in June, and then dropping to 25 by August. This indicates a volatile presence in the market, with a significant drop in sales from $159,344 in June to $71,155 in August. In contrast, the Vapor Pens category saw Lazercat Cannabis starting at rank 38 in May, slightly improving to 35 in June, but then falling to 55 by August. This suggests that while the brand had a brief period of improvement, it struggled to maintain its position in the competitive Vapor Pens market.
In the Edible category, Lazercat Cannabis did not make it into the top 30 brands in May and only surfaced at rank 48 in June, indicating a relatively weaker performance in this segment. The absence of rankings for July and August further highlights the brand's challenges in gaining traction in the Edibles market. Overall, while Lazercat Cannabis has had some success in specific categories like Concentrates, its performance in others, such as Edibles and Vapor Pens, indicates areas that may require strategic adjustments to enhance market presence and sales consistency.
Competitive Landscape
In the competitive landscape of the Colorado concentrates market, Lazercat Cannabis has experienced notable fluctuations in its rank and sales over recent months. Despite starting strong in May 2024 with a rank of 19, Lazercat Cannabis saw a decline to 25 by August 2024. This downward trend contrasts with the performance of competitors like 14er Gardens, which improved its rank from 24 in May to 15 in July before dropping to 27 in August, and TREES, which showed a consistent upward trajectory from 64 in May to 26 in August. The sales figures for Lazercat Cannabis also reflect this volatility, peaking in June 2024 and then decreasing significantly by August. This indicates that while Lazercat Cannabis remains a notable player, it faces stiff competition from brands like Spherex and Mile High Dabs, which have shown more stable or improving performance. Understanding these dynamics can help consumers and stakeholders make informed decisions in this competitive market.
Notable Products
In August 2024, the top-performing product for Lazercat Cannabis was Plant Power 6 Lavender Jones Wax (1g), which rose to the number 1 rank with impressive sales of $317. Turbo Amethyst Solventless Rosin Cartridge (0.5g) secured the 2nd position, followed closely by Pineapple Pez Live Rosin Cartridge (0.5g) and White Legend OG Premo Rosin Lava (1g), both tied at the 3rd rank. Hyperspeed Premo Rosin Lava (1g) landed in the 4th position. Compared to previous months, Plant Power 6 Lavender Jones Wax (1g) made a significant leap from 5th place in July to 1st place in August. The introduction of new products like Turbo Amethyst Solventless Rosin Cartridge (0.5g) and Pineapple Pez Live Rosin Cartridge (0.5g) also contributed to the dynamic changes in the rankings.
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.
