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Oct-2024
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Overview
Market Insights Snapshot
Remedy's performance in the Nevada market has seen notable fluctuations across various categories. In the Concentrates category, Remedy was ranked 27th in July 2024 but did not make it into the top 30 in subsequent months, indicating a potential area for improvement. The Flower category showed a more dynamic performance, with Remedy climbing from the 66th position in July to 47th by October. This upward trend suggests a strengthening presence, which could be attributed to increased consumer interest or effective market strategies. The Pre-Roll category also demonstrated positive movement, improving from a 56th rank in July to 48th in October, showcasing Remedy's potential to capture a larger market share in this segment.
The absence of Remedy in the top 30 for Concentrates after July might be seen as a setback, especially when compared to its more robust performance in other categories within Nevada. On the other hand, the Flower category's consistent presence in the rankings, despite a dip in September, highlights a resilience that could be leveraged for future growth. The Pre-Roll category's sales increase in October further underscores a growing consumer demand, which Remedy seems to be capitalizing on effectively. These movements across categories indicate strategic opportunities and areas for potential growth, providing a glimpse into Remedy's evolving market strategy and consumer engagement in Nevada.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Remedy has shown a notable fluctuation in its rankings over the past few months. Starting from a rank of 66 in July 2024, Remedy improved to 56 in August, dropped to 68 in September, and then climbed to 47 in October. This upward trajectory in October is significant, especially when compared to competitors like BaM / Body and Mind, which experienced a steep decline from 19 in July to 67 by October. Meanwhile, Pheno Exotic and Hippies have maintained more stable positions, with Pheno Exotic improving to 43 and Hippies to 46 by October. Remedy's sales figures also reflect this competitive dynamic, with a notable increase in October, suggesting a recovery and potential for further growth amidst a competitive market. This analysis highlights Remedy's resilience and potential for gaining a stronger foothold in the Nevada flower market.
Notable Products
In October 2024, Chem D (3.5g) from Remedy maintained its top position as the leading product in the Flower category, with impressive sales figures reaching 1727 units. Bio-Jesus (3.5g) rose to second place, improving from its third position in August, and marked a notable comeback after not ranking in September. The Hot Cakes Infused Pre-Roll (1g) emerged as a strong contender, securing third place in the Pre-Roll category. Rainbow Beltz Infused Pre-Roll (1g) and Deadhead OG Pre-Roll (1g) followed closely, ranking fourth and fifth respectively, marking their debut in the rankings for this month. The rankings demonstrate a dynamic shift in consumer preferences, especially in the Pre-Roll category, with new entries making a significant impact.
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.
