Oct-2024
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Overview
Market Insights Snapshot
Level has shown a consistent performance in the Capsules category across multiple states. In California, they maintained a steady hold on the number one position from July to October 2024, demonstrating their strong market presence in this category. Despite a slight fluctuation in sales from July to October, with a peak in October, Level's leadership in California remains unchallenged. In Michigan, Level made a significant entrance by securing the top spot in the Capsules category by September and maintaining it through October, indicating a successful expansion or focus in this market. Meanwhile, in Nevada, they held the number one rank until October, when they slipped to the second position, suggesting a potential rise in competition or market dynamics shifting slightly. In New York, Level consistently held the second rank, which signifies a stable, albeit not leading, performance in the Capsules category.
In terms of other categories, Level's performance was less prominent. In the Vapor Pens category in Michigan, Level did not manage to break into the top 30 rankings by September and October, which may indicate either a strategic focus elsewhere or challenges in penetrating this segment. This absence from the top rankings in Vapor Pens contrasts sharply with their dominance in Capsules, pointing to a potential area for growth or reevaluation. The lack of ranking in this category could be seen as an opportunity for Level to diversify or strengthen its product offerings to capture a more substantial market share. These insights into Level's category performances across states highlight their strengths and potential areas for development, offering a glimpse into the brand's strategic positioning and market dynamics.
Competitive Landscape
In the competitive landscape of the California capsules market, Level has maintained a stronghold as the leading brand from July to October 2024, consistently ranking first each month. This dominance is underscored by its impressive sales figures, which, despite a slight dip in August and September, surged in October, indicating a robust recovery and growth trajectory. Notably, Breez has consistently held the second rank, with sales figures trailing behind Level but showing a steady increase over the months. Meanwhile, ABX / AbsoluteXtracts has maintained the third position since August, with a notable increase in sales in October, suggesting a potential challenge to Breez's position. These dynamics highlight Level's strong market presence and its ability to outperform competitors, although the rising sales of Breez and ABX / AbsoluteXtracts suggest a competitive environment that Level must continue to navigate strategically.
Notable Products
In October 2024, Level's top-performing product was Hashtab 100 - Indica Tablet (100mg), which maintained its first-place ranking from September with impressive sales of 12,527 units. Hashtab 100 - Sativa Professional Strength Tablets 10-Pack (1000mg) climbed to the second position, up from fifth in September, indicating a significant increase in consumer preference. Protab Indica Tablet (100mg) secured the third spot, dropping from its second-place ranking in September. Protab+ - Lights Out Tablets 10-Pack held steady at fourth place, consistent with its ranking in September. Protab - Sativa Extra Strength Tablets 10-Pack (250mg) fell to fifth position, continuing its downward trend from the top spot in July.
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.