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Aug-2024
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Overview
Market Insights Snapshot
5G (530 Grower) has shown a strong performance in the California market, particularly in the Concentrates category. The brand saw a significant rise from 53rd place in May 2024 to 13th place by July 2024, before slightly dipping to 20th in August 2024. This upward trend, coupled with a notable sales increase from $62,802 in May to $272,954 in July, highlights the brand's growing popularity and market share in this category. However, the slight drop to 20th place in August suggests some volatility, which could be attributed to market competition or seasonal factors.
In the Flower category, 5G (530 Grower) also demonstrated a positive trajectory, climbing from 68th place in May 2024 to 28th place in July 2024, before a minor decline to 33rd in August 2024. Despite this dip, the brand's sales figures remained robust, peaking at $818,944 in July. The Vapor Pens category, however, presents a mixed picture. The brand improved its ranking from 96th in May to 74th in June but failed to maintain a top 30 position in the subsequent months, indicating a potential area for growth or reevaluation. Overall, 5G (530 Grower) has shown commendable progress across multiple categories in California, with some areas still ripe for further improvement.
Competitive Landscape
In the highly competitive California flower market, 5G (530 Grower) has demonstrated significant volatility in its ranking over the past few months. Starting from a rank of 68 in May 2024, it climbed impressively to 28 by July 2024, before slightly dropping to 33 in August 2024. This fluctuation is notable when compared to competitors like Cookies, which steadily improved its rank from 58 to 37 over the same period, and Mr. Zips, which consistently climbed from 57 to 30. The rapid rise and subsequent slight decline in 5G (530 Grower)'s rank suggest a dynamic market presence but also highlight the need for strategic adjustments to maintain and improve its position. Competitors such as Decibel Gardens and Almora Farms have also shown upward trends, indicating a fiercely competitive landscape. For customers seeking advanced data insights, understanding these trends can be crucial for making informed decisions in the evolving cannabis market.
Notable Products
In August 2024, the top-performing product from 5G (530 Grower) was Wedding Cake x Gelato Badder (1g) in the Concentrates category, maintaining its number one rank from July. Red Dragon Badder (1g) also in the Concentrates category secured the second position with notable sales of 3066 units. Banana Macaroons Badder (1g) followed closely in third place. GMO (3.5g) in the Flower category ranked fourth, while GMO Badder (1g) dropped from third in July to fifth in August. This shift indicates a slight decline in demand for GMO Badder (1g), while other products remained relatively stable or saw improved rankings.
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.
