Oct-2024
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Overview
Market Insights Snapshot
Medizin has shown remarkable consistency and growth across various product categories in Nevada. In the Concentrates category, the brand has maintained its top position from July through October 2024, showcasing a steady increase in sales, culminating in an impressive $659,879 in October. This indicates strong consumer loyalty and effective market strategies in this segment. In the Flower category, Medizin has consistently held the second position over the same period, with sales peaking at $1,693,661 in October, suggesting a robust demand for their flower products. The Pre-Roll category has seen an upward trajectory in rankings, with Medizin climbing from the 12th position in July to the 8th by October, indicating a growing interest in their pre-roll offerings.
While the Concentrates and Flower categories have been strongholds for Medizin, the brand's performance in Vapor Pens has been more volatile. Starting at the 9th position in July, they dropped to 14th in September but made a comeback to the 10th spot by October, reflecting a competitive market landscape. Notably, in the Topical category, Medizin emerged as the second-ranked brand in September and maintained this position in October, highlighting a successful entry or re-entry into this niche market. The absence of rankings prior to September suggests that the brand was either not focusing on or not performing well in this category earlier in the year. Such insights reveal areas of strength and potential opportunities for Medizin to further capitalize on its market presence in Nevada.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Medizin has consistently maintained its position as the second-ranked brand from July to October 2024. Despite facing stiff competition from STIIIZY, which has held the top rank throughout this period, Medizin has shown resilience with steady sales growth, culminating in a notable increase in October. Meanwhile, Alternative Medicine Association / AMA and Rythm have experienced fluctuations in their rankings, with Rythm climbing from fifth to third place by October, indicating a dynamic market environment. These shifts highlight the importance of strategic positioning and brand loyalty for Medizin to maintain its competitive edge and capitalize on its consistent performance in the Nevada market.
Notable Products
In October 2024, the top-performing product for Medizin was Mango Kush (3.5g) in the Flower category, which climbed to the number one spot with sales reaching 4504 units. Daily Grape (3.5g) made a significant entry, securing the second position. Biscotti BX1 (3.5g), which previously held the top rank in August, dropped to third place in October. Super Runtz (3.5g) improved its standing, moving up to fourth place after being fifth in September. Tropicana Cookies (3.5g) entered the rankings in October at fifth position, showing increased popularity.
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.