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Nov-2024
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Overview
Market Insights Snapshot
In the state of Nevada, LP Exotics has shown varied performance across different product categories. In the Concentrates category, the brand climbed from being outside the top 30 in August 2024 to reaching the 19th position by September, before experiencing a slight decline to the 24th position in November. This fluctuation indicates a competitive market where LP Exotics is making strides but still faces challenges. Meanwhile, in the Vapor Pens category, the brand dropped out of the top 30 by October 2024 after ranking 35th in August and 42nd in September, suggesting a need to reassess their strategy in this segment.
The Flower and Pre-Roll categories have been more promising for LP Exotics in Nevada. For Flower, the brand improved its rank from 51st in August to 31st in October, although it slightly fell to 36th in November. This upward trend, despite the slight dip, highlights a positive trajectory in consumer acceptance and sales. Additionally, the Pre-Roll category has seen significant progress, with LP Exotics moving from 26th in August to an impressive 12th place by November. This consistent rise underscores the brand's growing popularity and effectiveness in capturing market share in this category.
Competitive Landscape
In the competitive landscape of the Nevada flower category, LP Exotics has shown a notable upward trajectory in its ranking, moving from 51st in August 2024 to 36th by November 2024. This improvement in rank is accompanied by a steady increase in sales, indicating a strengthening market presence. In contrast, Virtue Las Vegas experienced a decline, dropping from 32nd to 44th over the same period, with a corresponding decrease in sales, which may suggest a loss of consumer interest or market share. Meanwhile, TRENDI demonstrated volatility, achieving a peak rank of 24th in October before falling to 30th in November, reflecting fluctuating sales performance. Grassroots also saw a significant drop from 13th to 32nd, which could indicate challenges in maintaining its earlier momentum. LP Exotics' consistent rise amidst these shifts highlights its potential as a growing contender in the Nevada flower market.
Notable Products
In November 2024, LP Exotics saw Plum Sangria (3.5g) as the top-performing product, securing the number one rank with sales of 1156 units. Mimosa Pie Pre-Roll (1g) followed closely in second place, while Poochies Papaya Pre-Roll (1g) took the third spot. The Mimosa Pie Pre-Roll 5-Pack (5g) ranked fourth, indicating a strong preference for pre-roll products overall. Notably, Amnesia Pre-Roll (1g) slipped from fourth place in October to fifth in November, showing a slight decline in popularity. These rankings highlight a consistent consumer preference for pre-rolls, with slight shifts in product popularity month over month.
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.
