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Nov-2024
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Overview
Market Insights Snapshot
NLVO / North Las Vegas Organics has shown a consistent presence in the Nevada concentrates market over the past few months. In August 2024, the brand was ranked 24th, and by November, it had improved its position to 22nd. This upward trajectory, despite a slight dip in October, suggests a strengthening foothold in the concentrates category. The sales figures reflect this positive trend, with a notable increase from $14,954 in August to $16,088 in November, indicating a steady demand for their products. However, the absence of NLVO in the top 30 rankings for vapor pens since August highlights a potential area for growth and suggests that the brand may need to strategize to enhance its presence in this category.
While NLVO / North Las Vegas Organics has maintained a respectable position in the concentrates category, its performance in the vapor pens category is less prominent. The brand was ranked 51st in August for vapor pens, and since then, it has not been ranked in the top 30, which could be a point of concern if they aim to diversify their market presence. This gap in ranking might indicate either a highly competitive market or a need for product differentiation to capture consumer interest. The data suggests that while NLVO is making strides in concentrates, there is significant room for improvement in other categories, which could be crucial for sustaining long-term growth and market competitiveness in Nevada.
Competitive Landscape
In the Nevada concentrates market, NLVO / North Las Vegas Organics has experienced fluctuations in its competitive standing, with its rank oscillating between 22nd and 28th place from August to November 2024. Despite these changes, NLVO has managed to maintain a relatively stable sales performance, with a notable increase in September 2024. However, competitors such as Vada and Baseline have shown stronger growth, with Vada climbing to 21st place in November and Baseline consistently ranking higher, peaking at 17th in September. Meanwhile, Panna Extracts saw a significant sales surge in October, reaching 15th place, although it dropped to 23rd in November. LP Exotics also demonstrated competitive momentum, securing the 19th rank in October. These dynamics suggest that while NLVO is holding its ground, it faces stiff competition from brands that are either climbing the ranks or maintaining higher sales volumes, indicating a need for strategic adjustments to enhance its market position.
Notable Products
In November 2024, the top-performing product from NLVO / North Las Vegas Organics was Chemical Cookies Live Rosin (1g) in the Concentrates category, maintaining its first-place ranking for three consecutive months with sales reaching 366 units. Froyo Live Resin Badder (1g) saw a significant rise, moving from fourth to second place with a notable increase in sales. RS11 Gold Live Resin Badder (1g) entered the rankings at third place, indicating strong performance for its debut month. Panna Cotta Gold Live Resin Badder (1g) also made a new appearance, securing the fourth position. Sin City Runtz Infused Pre-Roll (1g) dropped to fifth place from its previous third position in September, suggesting a decline in its 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.
