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Oct-2024
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Overview
Market Insights Snapshot
In the Arizona market, Venom Extracts has shown a dynamic performance across various categories. In the Concentrates category, the brand experienced a slight fluctuation in its ranking, moving from 7th place in July 2024 to 11th in September, before recovering to 9th in October. This indicates a resilient position in a competitive market. Interestingly, Venom Extracts did not make it into the top 30 for Pre-Roll sales, highlighting a potential area for growth or strategic reevaluation. However, the Vapor Pens category tells a different story, where the brand climbed from 60th place in July to a notable 28th by October, suggesting a significant increase in consumer interest and market share.
The varied performance of Venom Extracts across categories in Arizona suggests differing levels of brand strength and consumer preference. The Concentrates category, despite the fluctuations, remains a stronghold for the brand, while the rapid ascent in the Vapor Pens category indicates a growing competitive edge. The absence from the top 30 in Pre-Rolls might indicate a need for innovation or marketing efforts to capture consumer attention. Overall, Venom Extracts' strategic focus and adaptability in the Arizona market are evident, with room for further expansion and consolidation in underperforming segments.
Competitive Landscape
In the competitive landscape of the concentrates category in Arizona, Venom Extracts has experienced notable fluctuations in its market position over recent months. Despite a challenging environment, Venom Extracts maintained a consistent presence within the top 20, ranking 7th in July 2024, dropping to 9th in August, slipping further to 11th in September, and recovering slightly to 9th in October. This indicates a resilient brand performance amidst stiff competition. WTF Extracts consistently held a strong position, ranking 4th from July through September before dropping to 8th in October, suggesting a potential opportunity for Venom Extracts to capitalize on any further declines. Meanwhile, iLava showed an upward trend, improving from 11th in August to 7th in October, which could pose a competitive threat. IO Extracts also demonstrated volatility, peaking at 5th in August but falling to 10th by October. These dynamics highlight the competitive pressures Venom Extracts faces and underscore the importance of strategic positioning to enhance its market share in Arizona's concentrates sector.
Notable Products
In October 2024, Venom Extracts saw House Blend Shake Pre-Roll (1g) leading the sales as the top-performing product, marking its debut at rank 1 with sales of 2067 units. Black Ice Shatter (1g) followed closely at rank 2, showing strong performance in the Concentrates category. Headhunter RSO (1g) secured the third position, maintaining a consistent presence in the top three. Notably, Legend Shatter (1g) dropped from rank 2 in September to rank 4 in October, while Mac Shatter (1g) experienced a decline from the top spot in September to rank 5. These shifts highlight a dynamic change in consumer preferences within the concentrate products of Venom Extracts over the past months.
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.
