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Nov-2024
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Overview
Market Insights Snapshot
Rise (MI) has demonstrated a commendable performance in the Michigan cannabis market, particularly in the Capsules category where it maintained a strong position, ranking second from September through November 2024. Although there was a slight dip in sales from October to November, the brand has consistently held its ground in this category. In the Tincture & Sublingual category, Rise (MI) achieved the top rank in September and October, before slightly slipping to the second position in November. This indicates a robust presence in the market, although the slight drop in rank suggests increased competition or a shift in consumer preferences.
In other categories, Rise (MI) has shown notable progress, particularly in Concentrates where the brand improved its ranking from 39th in August to 15th by November, marking a significant upward trajectory. This movement suggests a growing consumer interest or successful strategic efforts by the brand to capture a larger market share. Conversely, in the Topical category, Rise (MI) maintained a stable performance, consistently ranking fourth before moving up to third in November. The absence of Rise (MI) in the top 30 rankings in some categories highlights areas for potential growth and market penetration, as these could be opportunities for the brand to expand its footprint in the Michigan market.
Competitive Landscape
In the Michigan concentrates market, Rise (MI) has demonstrated a significant upward trajectory in recent months, moving from a rank of 39 in August 2024 to 15 by November 2024. This improvement in rank is indicative of a strong increase in sales performance, as Rise (MI) has managed to outpace several competitors. Notably, 710 Labs has seen a decline, dropping from 7th to 13th place, which suggests a potential shift in consumer preference towards Rise (MI). Meanwhile, Redemption has experienced a rise to 14th place, just ahead of Rise (MI), indicating a close competition. Additionally, Bowhouse and Peachy Hash & Co. have maintained relatively stable positions, with Bowhouse slightly declining and Peachy Hash & Co. showing a modest improvement. The competitive landscape suggests that Rise (MI) is effectively capturing market share, positioning itself as a formidable contender in the concentrates category.
Notable Products
In November 2024, the top-performing product for Rise (MI) was Sherbert RSO Syringe (1g) in the Concentrates category, securing the number one rank with notable sales of 1708 units. Following closely, Rise RSO Dart (1g) also in the Concentrates category, achieved the second position. The CBN/CBD/THC 1:1:1 PM Evening Tincture (200mg CBN, 200mg CBD, 200mg THC, 30ml) held the third spot, dropping from its first position in October. Hybrid Distillate Dart (1g) ranked fourth, showing a decline from its second position in October. The CBD/THC/THCa 1:2:1 Advanced Strength Cream (750mg CBD, 1500mg THC, 750mg THCa) rounded out the top five, having slipped from third in the previous 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.
