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Aug-2024
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Overview
Market Insights Snapshot
Monopoly Melts has shown notable performance fluctuations across different categories and states over the past few months. In Missouri, the brand's presence in the Concentrates category has been particularly dynamic. Starting at rank 27 in May 2024, Monopoly Melts experienced a dip in June and July, falling out of the top 30 in June and barely making it back to 31 in July. However, August saw a significant improvement, with the brand climbing to rank 22, indicating a positive trend. This upward movement is underscored by a substantial increase in sales, from $38,558 in June to $70,689 in August, reflecting a growing consumer preference for their concentrates.
In the Edible category, Monopoly Melts has also seen a steady improvement in Missouri. Although they were not in the top 30 in May, the brand managed to climb to rank 34 by August, suggesting a gradual yet consistent rise in popularity. The Vapor Pens category paints a similar picture of progress; while the brand did not rank in June, it made a comeback in July at rank 67 and further improved to rank 47 in August. This indicates a strengthening market presence and a potential for continued growth in these categories. The directional movement in ranks and sales highlights Monopoly Melts' capacity to adapt and thrive in a competitive landscape.
Competitive Landscape
In the Missouri concentrates market, Monopoly Melts has shown a notable improvement in its ranking over the past few months, moving from 27th place in May 2024 to 22nd place in August 2024. This upward trend in rank is accompanied by a significant increase in sales, particularly in August where sales reached a peak. In contrast, competitors like Teal Cannabis and Farmer G have experienced declines in both rank and sales, with Teal Cannabis falling out of the top 20 by August and Farmer G dropping to 24th place. Meanwhile, Origin Extracts has shown a steady improvement, moving from 26th place in June to 21st place in August, indicating a competitive but fluctuating market landscape. These dynamics suggest that Monopoly Melts is gaining traction and market share, potentially at the expense of its competitors.
Notable Products
In August 2024, the top-performing product for Monopoly Melts was Pineapple Guava Live Rosin Gummies 10-Pack (100mg) in the Edible category, which saw a significant jump to the number one rank with sales of 1585 units. Strawberries & Cream Live Rosin Disposable (0.5g) in the Vapor Pens category climbed to the second position from its previous fourth rank in July, showing a notable increase in popularity. Peach Mango Live Rosin Gummies 10-Pack (100mg) maintained a strong presence, though it dropped to third place from its consistent second rank in the preceding months. Blumosa Cold Cure Live Rosin Baller Jar (3.5g) in the Concentrates category ascended to fourth rank from fifth in July, indicating growing consumer interest. Lastly, Strawberries & Cream x Rainbow Belts Cold Cure Live Rosin (1g) re-entered the top five, securing the fifth position, marking its return since June.
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.
