Aug-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Temple has shown a mixed performance across various states and categories. In Maryland, the brand has seen a gradual decline in its ranking within the Concentrates category, slipping from 14th place in May 2024 to 21st place by August 2024. This downward trend suggests a potential challenge in maintaining market share in Maryland. Despite this, the sales figures indicate some fluctuations, with a noticeable peak in June 2024 before tapering off in subsequent months. The brand's presence in the top 30 throughout this period, however, still positions it as a notable player in the Maryland market.
It is important to note that Temple's absence from the top 30 rankings in other states and categories could be seen as a missed opportunity or a strategic focus on specific markets. The lack of ranking in additional states might indicate either a strong competitive landscape or a need for Temple to diversify its market presence. Observing the brand's performance trends and its ability to adapt could provide deeper insights into its long-term strategy and potential areas for growth. Further analysis of these aspects would be essential for a comprehensive understanding of Temple's market dynamics.
Competitive Landscape
In the Maryland concentrates category, Temple has experienced notable fluctuations in its rank and sales over the past few months. Starting at rank 14 in May 2024, Temple saw a decline to rank 21 by August 2024. This downward trend in rank is mirrored by a decrease in sales, from $39,231 in May to $32,847 in August. Competitors such as Equity Extracts and Modern Flower have shown more stable or even improving performance. For instance, Equity Extracts, despite a drop to rank 23 in August, had significantly higher sales in July ($76,491) compared to Temple. Similarly, Avexia and Ilera Healthcare have also shown sporadic but strong sales spikes, indicating a competitive and volatile market landscape. Understanding these dynamics is crucial for Temple to strategize and regain its competitive edge in the Maryland concentrates market.
Notable Products
In August 2024, the top-performing product for Temple was Str8 Lemonade Nepalese Hash Ball (1g) in the Concentrates category, maintaining its number one rank from June. Grapple Pie Temple Ball Hash (1g) followed closely in second place, slightly dropping from its top position in July. Cherry Pie Hash Infused Pre-Roll (1g) emerged as a notable performer, securing the third position with sales of 59 units. Sugar Cookies Nepalese Hash Ball (3.5g) held steady in fourth place, consistent with its ranking in July. Lastly, Sugar Cookies Temple Ball Hash (1g) also ranked fourth, experiencing a slight dip from its third position in June.
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.