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Aug-2024
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Overview
Market Insights Snapshot
Riggs Family Farms has experienced notable shifts in its performance across various categories and states. In Arizona, the brand's Flower category showed a significant decline over the summer months. Starting at a strong rank of 7th in May 2024, Riggs Family Farms dropped to 11th in June, 14th in July, and further down to 18th by August. This downward trend in ranking is mirrored by a corresponding decrease in sales figures, indicating potential challenges in maintaining market share in this highly competitive category. The brand's presence in the top 30 for the Flower category is a positive sign, but the consistent decline suggests areas for improvement.
Conversely, Riggs Family Farms demonstrated a more stable performance in the Pre-Roll category within Arizona. Although the brand was not in the top 30 in May 2024, it managed to climb to the 28th position in both June and July, eventually reaching the 24th spot by August. This upward movement is a positive indicator of growing consumer interest and market penetration in the Pre-Roll segment. The steady increase in sales figures from May to August further supports this trend, highlighting a potential area of strength for Riggs Family Farms in the Arizona market.
Competitive Landscape
In the competitive landscape of the Arizona Flower category, Riggs Family Farms has experienced notable fluctuations in its rank and sales over the past few months. Starting from a strong position at rank 7 in May 2024, Riggs Family Farms saw a decline to rank 18 by August 2024. This downward trend is significant when compared to competitors such as Sunday Goods, which maintained a higher rank, peaking at rank 4 in July 2024 before dropping to rank 17 in August 2024. Similarly, Tru Infusion showed a more stable performance, staying within the top 20 except for a brief dip to rank 23 in July 2024. Meanwhile, The Pharm consistently hovered around the mid-teens, indicating a more stable market presence. The competitive dynamics suggest that Riggs Family Farms needs to address the factors contributing to its declining rank and sales to regain its competitive edge in the Arizona Flower market.
Notable Products
In August 2024, the top-performing product from Riggs Family Farms was Sunset Sherbet Pre-Roll (1g) with notable sales of 3,257 units. Gary Payton Pre-Roll (1g) secured the second position, improving from its fourth-place ranking in June 2024. Rainbow Pre-Roll (1g) climbed to third place, showing consistent growth from its fourth-place ranking in July 2024. Alien Hallucination Pre-Roll (1g) dropped slightly to fourth place, maintaining strong sales despite fluctuations in previous months. Super Jack Pre-Roll (1g) re-entered the top five, ranking fifth after not being listed in June and July 2024.
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.
