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Aug-2024
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Overview
Market Insights Snapshot
Senior Moments has shown a fluctuating performance in the Edible category across different states, with notable movements in New York. In May 2024, the brand was ranked 28th, but it slipped out of the top 30 in June, July, and August. This downward trend is indicative of a challenging market environment for Senior Moments in New York. Despite the drop in rankings, it's important to note that the brand's sales figures have experienced some recovery in August, suggesting potential for a rebound.
Across other states, Senior Moments has struggled to maintain a presence in the top 30 rankings for the Edible category. The absence of the brand in the top 30 for multiple months underscores the competitive nature of the market and the need for strategic adjustments. This performance analysis highlights areas where the brand could focus its efforts to regain market share and improve its standing in key markets like New York. For a more detailed breakdown of the brand's performance in other states and categories, further investigation would be required.
Competitive Landscape
In the competitive landscape of New York's edible cannabis market, Senior Moments has experienced notable fluctuations in its rank and sales over the past few months. Starting at rank 28 in May 2024, the brand saw a decline to rank 35 in June, stabilizing slightly at rank 34 in July, and then maintaining rank 35 in August. This downward trend in rank correlates with a significant drop in sales, from $36,334 in May to $26,400 in August. In contrast, competitors like Nanticoke and The Green Lady Dispensary have shown more stable or even improving performance. Nanticoke, for instance, although not in the top 20, has consistently ranked in the late 20s and early 30s, while The Green Lady Dispensary has climbed from being unranked in May to rank 30 by August. Additionally, Bison Botanics has shown a steady improvement, moving from rank 40 in May to 36 in August. These trends suggest that while Senior Moments faces challenges in maintaining its market position, competitors are either stabilizing or improving, indicating a need for strategic adjustments to regain market share.
Notable Products
In August 2024, the top-performing product from Senior Moments was Lemon Ginger Sleep Wellness Gummies 20-Pack (400mg CBD, 100mg THC, 100mg CBN), maintaining its number one rank for the fourth consecutive month with sales of 374 units. The second spot was held by CBD/THC 1:1 Florida Citrus Time Machine Gummies 20-Pack (100mg CBD, 100mg THC), consistently ranking second since May 2024. CBD/THC 1:1 Cinna-Mints Relief Mint 20-Pack (100mg CBD, 100mg THC) improved to third place, up from fourth in July 2024. Winter Green Mingle Mints 20-Pack (100mg) dropped to fourth place, having previously been third in July 2024. The CBD/THC/CBN 3:1:2 Snoozer Tincture (450mg CBD, 150mg THC, 300mg CBN) re-entered the rankings at fifth place after missing the list 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.
