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Oct-2024
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Overview
Market Insights Snapshot
Teal Cannabis has shown varied performance across different product categories in Missouri. In the Concentrates category, the brand maintained a relatively stable position, hovering around the 22nd to 23rd rank from July to October 2024, despite a noticeable decline in sales from $98,306 in July to $52,523 in October. This stability in ranking amidst declining sales suggests a broader market contraction or increased competition. On the other hand, the Vapor Pens category witnessed more volatility, with Teal Cannabis dropping from the 43rd to the 62nd rank between August and September, before slightly recovering to the 56th rank in October. This indicates potential challenges in maintaining market share within this segment.
In the Pre-Roll category, Teal Cannabis did not make it into the top 30 rankings, consistently placing around the 49th position before slipping to the 55th in October. This drop in ranking, coupled with a decline in sales from $38,504 in July to $12,563 in October, highlights significant hurdles in gaining traction in this category. The absence from the top 30 brands in Pre-Roll suggests that Teal Cannabis might need to reassess its strategy to compete more effectively. The overall performance across these categories and the state reflects a need for strategic adjustments to improve their market presence and ranking stability.
Competitive Landscape
In the Missouri concentrates market, Teal Cannabis has experienced a fluctuating yet competitive presence from July to October 2024. Despite a consistent rank of 23 in July and August, Teal Cannabis saw a slight improvement to 22 in September before returning to 23 in October. This stability in rank, however, contrasts with a notable decline in sales over the same period. In comparison, Smokey River Cannabis has shown a positive trajectory, climbing from a rank of 33 in July to 21 in October, with sales increasing significantly. Meanwhile, Lush Labs has also improved its position from 40 to 26, although its sales peaked in September before dropping in October. The entry of Local Cannabis Co. and Tyson 2.0 into the top 25 in October, albeit at lower sales volumes than Teal Cannabis, indicates a growing competitive landscape. These dynamics suggest that while Teal Cannabis maintains a stable rank, it faces increasing pressure from brands that are rapidly gaining traction in the market.
Notable Products
In October 2024, the top-performing product from Teal Cannabis was the Strawberry Cough Live Resin Disposable (0.5g) in the Vapor Pens category, which rose to the number one rank with sales reaching 472 units. The Bubba Fett Pre-Roll 2-Pack (1g) maintained strong performance, moving from an unranked position in previous months to second place in October. Supreme Diesel Pre-Roll (1g) also showed significant improvement, climbing to third place after not being ranked earlier. Triple Burger x GG4 Live Sugar (1g) entered the rankings for the first time at fourth place, indicating a growing interest in concentrates. Lastly, the Sour Tangie Live Resin Disposable (0.5g) held steady at fifth place, despite a decrease in sales compared to August.
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.
