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Mar-2024
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Overview
Market Insights Snapshot
In the competitive cannabis market of Nevada, Alternative Medicine Association / AMA has shown a remarkable performance across multiple categories, demonstrating both its popularity and versatility. Particularly in the Concentrates category, the brand has maintained its top position from December 2023 through March 2024, showcasing a consistent demand for its products, with sales peaking in March at $590,917. However, it's in the Flower and Pre-Roll categories where interesting movements have been observed. Despite starting strong in December 2023, the brand saw a slight dip in rankings within the Flower category, moving from first to third place in January 2024, then slightly recovering over the following months. This fluctuation could indicate competitive pressures or shifts in consumer preferences, yet the brand managed to maintain a strong presence, highlighting its resilience in a fluctuating market.
On the other hand, the Vapor Pens category presents a different story for Alternative Medicine Association / AMA. Starting at ninth place in December 2023, the brand experienced a dip to eleventh in January 2024, before recovering to seventh place in February and settling back at ninth in March. This rollercoaster in rankings, combined with a noticeable drop in sales from December to January, suggests challenges in maintaining its market share against competitors in this category. While the brand has demonstrated an ability to recover, these fluctuations highlight the competitive nature of the Vapor Pens market in Nevada. Such performance insights are crucial for understanding the brand's overall market strategy and consumer appeal across different product lines. The brand's ability to maintain top positions in the Concentrates, Flower, and Pre-Roll categories, contrasted with its struggle in the Vapor Pens category, paints a complex picture of its market dynamics and consumer preferences.
Competitive Landscape
In the competitive Nevada flower market, Alternative Medicine Association / AMA has experienced notable fluctuations in rank and sales over recent months, indicating a dynamic competitive landscape. Initially leading the pack in December 2023, AMA saw a slight dip in rank, moving to third in January 2024, and stabilizing at second place for February and March 2024. This shift was primarily influenced by the remarkable performance of STIIIZY, which surged from seventh to first place by January 2024, showcasing a significant increase in sales and maintaining the top position through March. Another notable competitor, Find., has consistently been in close contention, securing ranks just above or below AMA throughout the observed period. Meanwhile, Rythm has also maintained a strong presence, albeit with less fluctuation in rank. The sales trends and rank changes highlight the intense competition within the Nevada flower category, with AMA needing to closely monitor these dynamic shifts to maintain and improve its market position.
Notable Products
In March 2024, Alternative Medicine Association / AMA saw Kush Cake Pre-Roll (1g) maintain its top position in the Pre-Roll category, with remarkable sales of 17,039 units, marking a consistent lead over the past four months. Following closely, Cake Badder Pre-Roll (1g) climbed to the second rank with significant interest, despite only being ranked from February. Great Basin Kush Pre-Roll (1g) and Space Admiral Pre-Roll (1g) made their first appearance in the rankings at third and fourth places respectively, indicating a changing preference among consumers. Gorilla Glue #4 Pre-Roll (1g), previously a strong contender, slipped to the fifth position, reflecting a shift in consumer demand within the Pre-Roll category. These rankings indicate a dynamic market, with Kush Cake Pre-Roll (1g) demonstrating notable dominance in sales and popularity over the period.
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