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Sep-2024
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Overview
Market Insights Snapshot
In the state of Nevada, LP Exotics has shown varied performance across different product categories. Notably, in the Concentrates category, the brand made a significant entry into the top 30 rankings in September 2024, securing the 28th position. This indicates a positive movement and potential growth in consumer interest for their concentrates. However, their performance in the Pre-Roll category has seen a decline, moving from a rank of 25 in June to 35 by September, which could be a point of concern for the brand. The Flower category also saw some fluctuations, with LP Exotics improving its rank from 47 in August to 36 in September, suggesting a rebound in sales or market strategy effectiveness. Meanwhile, the Vapor Pens category displayed inconsistency, with LP Exotics peaking at 35 in August but dropping to 39 in September, which might reflect market volatility or changing consumer preferences.
Across categories, LP Exotics' sales trends in Nevada suggest a mixed performance. The Flower category, despite experiencing a drop in sales from June to August, saw a recovery in September, indicating potential seasonal demand or successful promotional activities. The Vapor Pens category, however, witnessed a sharp sales increase in August, followed by a decline in September, which could suggest a one-off event or promotion driving the temporary surge. The Pre-Roll category's continuous decline in rankings and sales might indicate increasing competition or a need for product differentiation. Overall, while LP Exotics has shown strength in certain areas, there are evident challenges in others that could benefit from strategic adjustments to maintain or improve their market position.
Competitive Landscape
In the Nevada flower category, LP Exotics has shown a notable upward trend in its ranking, moving from 47th place in August 2024 to 36th place by September 2024. This improvement is significant, especially when compared to competitors like BaM / Body and Mind, which has seen a decline from 8th to 31st place over the same period. Meanwhile, Kushberry Farms experienced a volatile ranking, peaking at 22nd in August before dropping to 38th in September. Despite LP Exotics' lower sales figures relative to these competitors, its positive rank trajectory suggests a growing market presence and potential for increased sales, making it a brand to watch in the Nevada flower market.
Notable Products
In September 2024, LP Exotics saw Dia De Los Muertos Pre-Roll (1g) emerge as the top-performing product, securing the number one rank with sales of 798 units. Georgia Velvet (3.5g) followed closely in second place, while Plum Sangria (3.5g) and Grandaddy Grape (3.5g) took third and fourth positions, respectively. LA Bomba Pre-Roll (1g) rounded out the top five. Notably, this lineup shows a strong preference for both pre-rolls and flower categories among consumers. Compared to previous months, these products have consistently gained traction, with Dia De Los Muertos Pre-Roll making a significant leap to the top spot in September.
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.
