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Oct-2024
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Overview
Market Insights Snapshot
In the Nevada market, Prime Cannabis has demonstrated notable progress in the Flower category over the past few months. Although the brand started with a ranking of 58 in July 2024, it has climbed to the 33rd position by October 2024. This upward trend is underscored by a significant increase in sales, from $92,321 in July to $151,387 in October. However, it's important to note that Prime Cannabis was not in the top 30 brands at the beginning of this period, indicating room for improvement despite recent gains.
In contrast, the Pre-Roll category in Nevada tells a different story for Prime Cannabis. The brand's ranking fluctuated from 37 in July to 30 in September and October, showing some stability in reaching the top 30. Despite a dip in sales from July to August, the brand managed to recover and maintain its position in the top 30 for the subsequent months. This resilience in the Pre-Roll category suggests a potential area of strength for Prime Cannabis, even as it continues to face challenges in other categories.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Prime Cannabis has shown a remarkable upward trajectory in recent months. Starting from a rank of 58 in July 2024, Prime Cannabis has climbed to 33 by October 2024, indicating a significant improvement in market presence. This upward movement is particularly notable when compared to competitors like Virtue Las Vegas, which has seen a decline in rank from 25 to 34 over the same period, and Good Green, which experienced fluctuations, ultimately dropping to 35 in October. Meanwhile, Srene and LP Exotics have also shown improvements, with Srene jumping from 62 to 32 and LP Exotics moving from 52 to 31. This competitive shift suggests that Prime Cannabis's strategies are effectively capturing market share, as evidenced by their increased sales and improved rank, positioning them as a rising contender in the Nevada flower market.
Notable Products
In October 2024, Prime Cannabis's top-performing product was the Purple Goats Pre-Roll (1g) in the Pre-Roll category, maintaining its number one rank from September with a notable sales figure of 1968 units. The Purple Goats (3.5g) in the Flower category held steady at the second spot, consistent with its ranking from August and September. The Better Banger Pre-Roll (1g) made a significant entry at the third position, marking its debut in the rankings. Purple Goats (7g) saw a resurgence, climbing to the fourth rank after not being ranked in August and September. Secret Weapon Pre-Roll (1g) rounded out the top five, dropping from its third position in September to fifth in October.
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.
