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Nov-2024
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Overview
Market Insights Snapshot
Remidose has demonstrated a notable presence in the Tincture & Sublingual category in Ohio. Starting in August 2024, the brand was ranked 6th, indicating a strong foothold in the market. However, there was a slight decline in the subsequent months, with the brand slipping to 7th in September and further down to 9th by October and November. Despite the drop in rankings, the brand maintained its position within the top 10, which is commendable given the competitive nature of the category. The sales figures reflect a downward trend from August to October, but November saw a slight recovery, suggesting potential stabilization or strategic adjustments by the brand.
It is worth noting that Remidose's consistent presence in the top 10 in Ohio's Tincture & Sublingual category is a positive indicator of their market strength, even though they did not manage to climb back up the rankings after September. The absence of rankings in other states or categories might suggest areas for potential expansion or indicate a more concentrated market strategy by Remidose. This focus on Ohio could either be a strategic choice or a reflection of market challenges in other regions. As the brand continues to navigate the competitive landscape, observing their future movements and potential entry into other states or categories will be crucial for understanding their overall market strategy.
Competitive Landscape
In the Ohio Tincture & Sublingual category, Remidose has experienced a notable shift in its market position over the past few months. Starting in August 2024, Remidose was ranked 6th, but by November 2024, it had slipped to 9th place. This decline in rank correlates with a significant drop in sales, indicating potential challenges in maintaining market share. In contrast, Tinctible maintained a steady 5th rank until October, before dropping to 7th in November, yet their sales remained relatively robust compared to Remidose. Meanwhile, Standard Farms consistently held the 8th position throughout this period, showing a gradual decline in sales but maintaining a stable rank. These dynamics suggest that while Remidose faces increased competition, particularly from brands like Tinctible, there may be opportunities to reclaim market share by addressing the factors contributing to its sales decline.
Notable Products
In November 2024, Remidose's top-performing product was Grape Sublingual Oral Spray (500mg) in the Tincture & Sublingual category, reclaiming the number one rank from previous months with sales reaching 128 units. Berry Sublingual Oral Spray (500mg) maintained its consistent performance, holding the second position with notable sales figures. Strawberry Sublingual Oral Spray (500mg) improved its standing, moving up to third place, despite lower sales compared to the top two products. Pomegranate Sublingual Oral Spray (500mg) saw a significant drop in ranking, falling from first place in October to fourth in November, with sales decreasing sharply. Citrus Live Resin Drops Oil (30ml), a newer entry in the Oil category, debuted at fifth place, indicating potential for growth in upcoming months.
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.
