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Oct-2024
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Overview
Market Insights Snapshot
Nuthera Labs has demonstrated significant progress in the Flower category within the state of Missouri. Over the past few months, the brand has consistently improved its ranking, moving from 20th position in July 2024 to 13th by October 2024. This upward trajectory indicates a strong market presence and growing consumer preference for their products. Notably, the sales figures for Nuthera Labs in this category have shown a steady increase, with October 2024 sales reaching $1,236,190. This growth suggests that Nuthera Labs is effectively capturing market share and enhancing its visibility among consumers in Missouri's competitive cannabis market.
While Nuthera Labs has shown commendable performance in Missouri, it's important to consider how they fare in other states and categories. The absence of ranking data for Nuthera Labs in other states or categories suggests that they are not yet among the top 30 brands elsewhere, which could be a potential area for growth or concern. This lack of presence in additional markets might indicate either a strategic focus on specific regions or a challenge in expanding their market footprint beyond Missouri. Understanding the dynamics and strategies that contribute to their success in Missouri could provide valuable insights into potential opportunities for Nuthera Labs to replicate this success in other regions.
Competitive Landscape
In the Missouri flower category, Nuthera Labs has shown a promising upward trajectory in recent months, climbing from a rank of 20 in July 2024 to 13 by October 2024. This improvement in rank reflects a consistent increase in sales, positioning Nuthera Labs as a growing contender in the market. Notably, Nugz has also demonstrated a significant rise, moving from 30th in July to 14th in October, indicating a competitive edge that Nuthera Labs must be mindful of. Meanwhile, Greenlight maintained a relatively stable position, consistently ranking around 12th, which suggests a strong market presence that Nuthera Labs could aim to surpass. Additionally, Buoyant Bob held steady at 11th place, highlighting the competitive landscape Nuthera Labs is navigating. As Nuthera Labs continues to increase its sales, maintaining this momentum will be crucial to further improving its market position against these established brands.
Notable Products
In October 2024, Nuthera Labs' top-performing product was New York Mayhem (3.5g) in the Flower category, which climbed to the number one spot with impressive sales of 2884 units. Following closely, Gold member (3.5g) secured the second position, showing a significant rise from the fifth position in September with a sales figure of 2360 units. Lemon Bar (3.5g), another Flower product, held the third rank, having dropped from the second position the previous month. Grape Cream Cake (3.5g) re-entered the rankings at fourth place after not being ranked in September, indicating a resurgence in popularity. Lemon Bar Popcorn (7g) debuted in the rankings at fifth place, showing promising sales potential for Nuthera Labs.
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.
