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Aug-2024
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Overview
Market Insights Snapshot
In Illinois, Alchemy (Ieso) has shown a consistent presence in the Concentrates category. Over the four-month period from May to August 2024, the brand maintained a strong position, ranking within the top 10 brands. Specifically, they fluctuated between the 6th and 8th positions, demonstrating a stable performance with a slight improvement in August, moving up to 7th place from 8th in the previous two months. This consistent ranking indicates a solid market presence and a reliable consumer base in the Concentrates category. However, their performance in the Vapor Pens category was less impressive, as they did not make it into the top 30 brands for any of the months, which could be seen as a potential area for improvement.
Although Alchemy (Ieso) did not rank within the top 30 for Vapor Pens in Illinois, their sales figures in this category show interesting trends. Despite not being a top contender, there was a noticeable increase in sales from May to June, followed by a decline in the subsequent months. This fluctuation suggests that while the brand may not be leading the Vapor Pens market, there is potential for growth if they can capitalize on the periods of increased consumer interest. Overall, Alchemy (Ieso)'s performance across categories in Illinois highlights their strength in Concentrates and points to opportunities for expansion and increased market share in other product categories.
Competitive Landscape
In the Illinois concentrates market, Alchemy (Ieso) has experienced fluctuating rankings over the past few months. Starting at rank 6 in May 2024, Alchemy (Ieso) saw a dip to rank 8 in June and July, before slightly recovering to rank 7 in August. This movement indicates a competitive landscape where brands such as Nature's Grace and Wellness and Cresco Labs have also seen shifts in their rankings. Notably, Bedford Grow maintained a strong position within the top 5 for most of the period, suggesting a stable market presence. The sales data reflects these changes, with Alchemy (Ieso) experiencing a significant drop in sales from May to June, followed by a gradual recovery in subsequent months. This competitive analysis highlights the dynamic nature of the Illinois concentrates market and underscores the importance of strategic adjustments for Alchemy (Ieso) to enhance its market position.
Notable Products
In August 2024, Miami Vice Cured Resin (1g) maintained its top position in the Alchemy (Ieso) product lineup with notable sales of $3,183. Jet Fuel Cured Resin (1g) climbed from third place in July to secure the second spot in August. Island Gelato Cured Budder (1g) entered the rankings for the first time, taking the third position. Chemdawg Cured Resin (1g) and Island Gelato Cured Resin (1g) held steady at fourth and fifth positions, respectively. Compared to previous months, Miami Vice Cured Resin consistently performed well, while Jet Fuel Cured Resin showed significant improvement in its ranking.
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.
