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Oct-2024
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Overview
Market Insights Snapshot
Nature's Chemistry has shown notable resilience and growth in the Nevada market, particularly in the Flower category. Over the past four months, the brand has consistently ranked within the top 10, with a slight dip in August to 9th place but quickly recovering to 6th place by October. This upward trajectory is underscored by a significant increase in sales from August to October, indicating a strong market presence and consumer preference for their products. The ability to maintain and improve their ranking in a competitive market like Nevada's Flower category highlights Nature's Chemistry's effective market strategies and product appeal.
In the Pre-Roll category, Nature's Chemistry has also demonstrated positive momentum in Nevada. Starting from an 18th place ranking in July, the brand has made notable strides, climbing to 11th place by October. This improvement suggests an increasing consumer interest and acceptance of their Pre-Roll offerings. However, the brand's absence from the top 30 in other states or provinces across both categories could be seen as a limitation in their geographical reach or market penetration outside Nevada. This presents both a challenge and an opportunity for Nature's Chemistry to expand their footprint and replicate their Nevada success in other regions.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Nature's Chemistry has shown resilience and a modest upward trend in its rankings over the past few months. Starting from a rank of 6th in July 2024, it experienced a dip to 9th in August but rebounded to 6th by October. This recovery in rank is notable, especially when compared to competitors like &Shine, which consistently improved its position from 9th in July to 5th in October, and Alternative Medicine Association / AMA, which maintained a strong presence in the top 5 throughout the same period. Despite these challenges, Nature's Chemistry's sales trajectory has been positive, with a significant increase in October, suggesting effective strategies in capturing market share and consumer interest. Meanwhile, FloraVega / Welleaf and Lavi have shown fluctuating ranks, highlighting the competitive volatility in this market.
Notable Products
In October 2024, Garlic Cookies (3.5g) maintained its position as the top-performing product for Nature's Chemistry, with sales reaching 2688 units. Garmosa Pre-Roll (1g) emerged as a new contender, securing the second rank. Onion Ring (3.5g) held steady at the third position, showing a significant increase in sales compared to previous months. Garlic Cookies Pre-Roll (1g) experienced a slight drop to fourth place, despite a steady sales performance. Onion Ring Pre-Roll (1g) rounded out the top five, marking its first appearance in the rankings this 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.
