Oct-2024
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Overview
Market Insights Snapshot
In the state of California, Space Gem has shown a consistent performance in the Edible category over the past few months. Starting from July 2024, the brand was ranked 19th, slightly dipping to 20th in August and September, before climbing back to the 19th position in October. This indicates a stable presence in the competitive California market, with a notable uptick in sales in October compared to the previous months. The fluctuation in ranking, while minimal, suggests that Space Gem is maintaining its consumer base effectively amidst competition.
Space Gem's performance in other states or provinces isn't detailed here, which might imply that the brand hasn't made it to the top 30 rankings outside of California. This could be seen as a limitation or an area of opportunity for the brand to expand its reach and improve its rankings across different regions. Focusing on strengthening its market presence in other states could be a strategic move for Space Gem to consider, allowing them to replicate their California success elsewhere.
```Competitive Landscape
In the competitive landscape of the California edible cannabis market, Space Gem has shown resilience in maintaining its position within the top 20 brands from July to October 2024. Despite fluctuations, Space Gem consistently ranked 19th in July and October, with a slight dip to 20th in August and September. This stability is noteworthy given the competitive pressures from brands like ABX / AbsoluteXtracts and Happy Fruit, which have seen more dynamic changes in their rankings. Notably, ABX / AbsoluteXtracts improved its rank from 18th to 16th in August, while Happy Fruit climbed from 20th to 18th in the same period. Meanwhile, Petra experienced a decline, dropping from 16th in July to 20th by October. These shifts highlight the competitive tension in the market, yet Space Gem's ability to maintain its rank suggests a loyal customer base and effective market strategies, even as sales figures for some competitors like ABX / AbsoluteXtracts and Happy Fruit show upward trends.
Notable Products
In October 2024, Space Gem's top-performing product was Sour SpaceDrops Gummies 10-Pack (100mg), maintaining its number one rank for the fourth consecutive month with sales reaching 6,136 units. Sweet Space Drops Gummies 10-Pack (100mg) also held steady at the second position, showing a notable increase in sales to 5,443 units. Premium Sour Assorted Made With Ice Water Gummy Drops 10-Pack (100mg) consistently ranked third, although its sales figures saw a slight decline compared to July. The CBD/THC 1:1 SpaceDrops Ice Water Hash Gummies 10-Pack (50mg CBD, 50mg THC) remained in fourth place, but experienced a significant sales boost in October. Sweet Gems Gummies 10-Pack (100mg) reclaimed its fifth position after a brief absence in August, indicating a resurgence in popularity.
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.