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Dec-2024
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Overview
Market Insights Snapshot
In the state of Michigan, Rise (MI) has shown a strong and consistent performance across several categories. Notably, in the Capsules category, the brand maintained a solid position at rank 2 from September through December 2024, indicating a steady demand for their products. The Tincture & Sublingual category also highlights their dominance, holding the top rank in September and October, before slightly dropping to the second position in November and December. The sales figures for this category reveal a positive trend, with a noticeable increase in December. Such consistency in top-tier rankings showcases Rise (MI)'s strong foothold in these segments within Michigan.
However, the performance of Rise (MI) in the Concentrates category paints a different picture. Starting from a rank of 33 in September, the brand made a gradual climb to reach the 23rd position by December. This upward movement suggests a growing acceptance and popularity of their concentrates, although they remain outside the top 20. In the Topical category, Rise (MI) improved from the 4th to the 3rd rank by November, maintaining this position into December. The brand's ability to ascend in this category, along with a steady sales increase, indicates a strengthening presence. The absence of Rise (MI) from the top 30 in other categories suggests areas where the brand could focus on expanding or improving its market strategies.
Competitive Landscape
In the competitive landscape of the Michigan concentrates market, Rise (MI) has shown a notable upward trajectory in its rankings from September to December 2024. Starting at rank 33 in September, Rise (MI) improved its position to 23 by December, indicating a positive trend in market presence. This improvement is significant when compared to competitors like Cloud Cover (C3), which experienced a decline from rank 9 to 24 over the same period. Meanwhile, Uplyfted Cannabis Co. also showed fluctuations, ending December at rank 22, just ahead of Rise (MI). Goodlyfe Farms demonstrated a similar upward trend, moving from rank 30 in October to 25 in December. Despite these competitive pressures, Rise (MI)'s consistent sales growth, particularly from October to November, has helped it climb the ranks, showcasing its resilience and potential for continued market share expansion in the concentrates category.
Notable Products
In December 2024, the top-performing product for Rise (MI) was the CBN/CBD/THC 1:1:1 PM Evening Tincture, maintaining its leading position from October. Following closely was the THC:THCa:CBG 1:1:1 Rise AM Tincture, which climbed from a consistent fourth place in the previous months to second place. The CBN Tablets 10-Pack showed notable improvement, advancing from fifth place in November to third in December. Island Paradise RSO made its debut in the rankings, securing the fourth position. Meanwhile, the CBD/THC/THCa 1:2:1 Advanced Strength Cream saw a decline, dropping from third in November to fifth in December, with a sales figure of $1,002 for the month.
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.
