Jan-2025
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Overview
Market Insights Snapshot
Nomad Extracts has demonstrated a consistent performance in the Concentrates category in Colorado. Over the span from October 2024 to January 2025, the brand maintained a steady rank at 8th position, indicating a strong foothold in this market. Despite a dip in sales from November to January, the brand's ability to sustain its rank suggests a loyal customer base and effective market strategies. This stability in ranking amidst fluctuating sales volumes could imply a competitive advantage or brand loyalty that keeps Nomad Extracts relevant in the eyes of consumers.
In contrast, the performance of Nomad Extracts in Missouri highlights a more challenging landscape. The brand entered the top 30 in October 2024, holding the 27th position, but dropped out of the top 30 by November. This decline in ranking, coupled with the absence of data for December and January, suggests that the brand struggled to maintain its presence in Missouri's Concentrates market. The significant drop in sales from October to November further underscores the challenges faced in this state, indicating potential areas for strategic reassessment or market adaptation.
Competitive Landscape
In the competitive landscape of Colorado's concentrates category, Nomad Extracts has maintained a steady presence, consistently ranking 8th from November 2024 through January 2025. This stability in ranking suggests a solid foothold in the market, although it faces stiff competition from brands like Next1 Labs LLC, which has shown slightly better performance, ranking 5th and 6th during the same period. Meanwhile, 710 Labs has experienced a downward trend, dropping from 3rd to 7th, which could indicate potential opportunities for Nomad Extracts to capture more market share if this trend continues. Additionally, Concentrate Supply Co. has shown fluctuations, peaking at 4th in November before stabilizing at 9th, suggesting a volatile performance that Nomad Extracts could capitalize on. Overall, while Nomad Extracts holds a consistent position, monitoring these competitors' movements could provide strategic insights for potential growth and increased sales.
Notable Products
In January 2025, the top-performing product for Nomad Extracts was Red Runtz Sugar Wax (1g), which achieved the highest sales figure of 521 units. Following closely were Ninja Biscuits Wax (1g) and Flo Limon Wax (1g), securing the second and third ranks, respectively. Grape Marmalade Wax (1g) and Puppy Breath Wax (1g) rounded out the top five, indicating a strong preference for concentrate products within this brand. Notably, all these products appear to have debuted in the rankings for January 2025, as there are no previous month rankings available. This suggests a successful product launch or an increase in market demand for these specific items at the start of the year.
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.