Oct-2024
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Overview
Market Insights Snapshot
Triple Seven's performance across various states and categories showcases a mix of stability and fluctuation. In the Colorado market, the brand has maintained a strong and consistent presence in the Flower category, holding steady at the third position from July through October 2024. This indicates a robust demand and a well-established market presence. Conversely, in Arizona, the Flower category saw a decline, with Triple Seven dropping from rank 26 in July to 31 in October, suggesting potential challenges or increased competition. The brand's entry into the Pre-Roll category in Arizona, reaching rank 24 by October, highlights a positive development, as they were not in the top 30 in previous months.
In Ohio, Triple Seven experienced a significant upward trajectory in the Flower category, moving from rank 25 in July to an impressive rank 11 by October 2024. This upward movement suggests growing popularity and acceptance among consumers. Meanwhile, in Illinois, the brand's performance in the Flower category remained stable, hovering around the 39th position by October, while the Pre-Roll category showed a gradual improvement, climbing from rank 32 in July to 25 in October. This indicates a potential growth area for the brand in Illinois, as they continue to strengthen their foothold in the Pre-Roll market.
Competitive Landscape
In the competitive landscape of the Flower category in Colorado, Triple Seven has maintained a consistent rank at third place from July to October 2024. This stability highlights its strong market presence, although it faces stiff competition from brands like Seed & Strain Cannabis Co., which has consistently held the top position, and Good Chemistry Nurseries, which has secured the second spot. Notably, Classix has shown an upward trend, moving from fifth to fourth place by October, indicating a potential threat to Triple Seven's position. Meanwhile, Artsy Cannabis Co has made significant strides, climbing from fourteenth to fifth place, suggesting a growing competitive field. Despite these dynamics, Triple Seven's sales have shown a positive trajectory, particularly in October, which could be a strategic advantage in maintaining or improving its rank amidst the evolving market competition.
Notable Products
In October 2024, Bubbashine (5.66g) emerged as the top-performing product for Triple Seven, climbing from the second position in August to first place, with sales reaching 11,004. Black Triangle (3.5g) secured the second spot, marking its first appearance in the rankings. The 14g variant of Black Triangle showed a notable presence, ranking third after leading in July. Chem White (3.5g) and Secret Formula (14g) held the fourth and fifth positions, respectively, both making their debut in the rankings this month. This shift indicates a dynamic change in consumer preferences towards smaller package sizes and diverse product offerings.
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.