.svg){kind=small}
Mar-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
In the competitive cannabis market of Nevada, Cannavative has shown a varied performance across different product categories. Notably, in the Vapor Pens category, the brand has maintained a strong presence, securing the 6th position in December 2023 and improving to 5th by March 2024, alongside an impressive sales increase from 699,555 in December to 849,557 by March. This upward trend in both ranking and sales underscores Cannavative's solid footing in the Vapor Pens category. Conversely, the brand's performance in the Capsules category tells a different story, with a gradual rank decline from 4th in December 2023 to 7th in March 2024, accompanied by a significant sales drop from 1,344 in December to just 170 by March. This decline in both rank and sales highlights potential challenges Cannavative faces in maintaining its market share in the Capsules category within Nevada.
Moreover, Cannavative's journey in the Pre-Roll and Concentrates categories reflects a struggle to hold its ground. In the Pre-Roll category, the brand witnessed a slight decline, moving from the 5th position in December 2023 to 9th by March 2024, with sales decreasing from 409,115 to 214,314 over the same period. This downward trend suggests a need for strategic adjustments to regain momentum in this category. The Concentrates category also saw a fluctuating performance, with the brand initially ranked 12th in December, dropping to 19th in January, and then slightly recovering to 17th by March. However, the Flower category presents a unique case; Cannavative was not ranked in the top 30 brands for this category until February 2024, when it suddenly appeared at the 93rd position, indicating a late but potential entry into this market segment. These mixed performances across categories underscore the dynamic nature of Cannavative's market presence in Nevada, with successes in some areas and opportunities for growth in others.
Competitive Landscape
In the competitive landscape of Vapor Pens in Nevada, Cannavative has shown a notable upward trajectory in its market position, moving from 6th place in December 2023 to 5th place by March 2024. This rise in rank is underscored by a significant increase in sales, particularly from February to March 2024, indicating a growing consumer preference within this category. Competitors such as Select, which fluctuated slightly but remained a top contender, and &Shine, consistently holding the 4th rank, demonstrate the highly competitive nature of the market. Meanwhile, AiroPro experienced a decline, dropping from 5th to 7th place, and TRENDI saw a slight improvement, moving up to 6th. Cannavative's performance, especially in comparison to these brands, highlights its strengthening position and growing market share in Nevada's vapor pen sector, suggesting a positive outlook for the brand's future sales and rank.
Notable Products
In Mar-2024, Cannavative's top-performing product was the Resin8 - Blueberry Distillate Cartridge (0.8g) from the Vapor Pens category, maintaining its Feb-2024 top rank with a notable sales figure of 3805 units. Following closely, the Resin8 - Apple Jack Distillate Cartridge (0.8g) secured the second position, climbing up from the fourth rank in Feb-2024, showcasing its growing popularity. The third spot was taken by Resin8 - Melon Balls Distillate Cartridge (0.8g), which also held a consistent performance from the previous month. Resin8 - Tropic Thunder Distillate Cartridge (0.8g) was ranked fourth, indicating a slight drop from its third rank in Feb-2024, while Resin8 - Sunset Sherbet Distillate Cartridge (0.8g) remained steady at the fifth position, showing stable consumer demand. These rankings highlight the dynamic sales trends within Cannavative's product lineup, with the top products showing strong month-to-month sales performance.
Top Selling Cannabis Brands
