Nov-2024
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Overview
Market Insights Snapshot
THClear Co has demonstrated a notable presence in the Oregon market, particularly within the Tincture & Sublingual category. Over the months from August to November 2024, the brand has shown a consistent upward trend in its rankings, moving from 13th in August to an impressive 9th place by November. This positive movement reflects a growing acceptance and popularity of their products in the state, underlined by a steady increase in sales. The jump in rankings during November suggests a strategic push or possibly a successful product launch that resonated well with consumers during this period.
Despite the positive performance in Oregon, it is important to note that THClear Co's absence in the top 30 brands in other states and categories indicates areas where the brand could potentially expand or improve its market penetration. This absence in rankings outside of Oregon might suggest a focus on regional strengths or a need to adapt marketing strategies in other states. The brand's ability to climb the rankings in Oregon, however, sets a precedent that could be leveraged in other markets if similar strategies are employed.
Competitive Landscape
In the competitive landscape of the Tincture & Sublingual category in Oregon, THClear Co has shown a notable upward trend in rankings over the past few months. Starting from a rank of 13th in August 2024, THClear Co improved to 11th in September, briefly dropped back to 13th in October, and then climbed to an impressive 9th position by November. This positive trajectory indicates a strengthening market presence, especially when compared to competitors like Dr. Jolly's, which saw a decline from 6th to 11th place in the same period. Meanwhile, Peak Extracts consistently outperformed THClear Co, maintaining a top 10 position and peaking at 6th in November. Despite this, THClear Co's sales growth suggests a robust demand, as evidenced by their substantial increase in sales from August to November, surpassing the sales of Crown B Alchemy in November. This competitive analysis highlights THClear Co's potential to further ascend in rankings if the current momentum continues, making it a brand to watch in the Oregon market.
Notable Products
In November 2024, the top-performing product for THClear Co was the CBD Pineapple Syrup Tincture (100mg CBD) in the Tincture & Sublingual category, maintaining its number one rank for consecutive months. This product showed significant growth, with sales reaching 747 units, marking a continual increase from August through November. Notably, its sales have risen steadily from 309 units in August to the current figure, demonstrating its strong market presence. The consistent top ranking indicates robust demand and customer preference for this product. Previous months' rankings corroborate its dominance in the category, suggesting a well-established leadership position.
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.