Market Insights Snapshot
In the state of Nevada, City Trees has seen a notable performance in several cannabis categories. In the Concentrates category, the brand has shown a positive trend, climbing from the 14th position in July 2023 to the 10th in October 2023. This improvement in ranking, despite a dip in August, indicates a steady increase in popularity and sales for City Trees' Concentrates. However, the lack of ranking for other months suggests that the brand was not in the top 20, which could be an area of concern.
City Trees also maintained a consistent presence in the Tincture & Sublingual category, hovering around the 10th position from July to October 2023. This indicates a stable consumer base for these products. In the Vapor Pens category, the brand showed a slight improvement, moving from 17th to 15th place over the same period. While this upward movement is a positive sign, the brand's lower ranking in this category compared to Tincture & Sublingual indicates room for growth and improvement. The sales data suggests a similar trend, with a noticeable increase in sales across categories, indicating a growing consumer interest in City Trees' products.
In the Vapor Pens category in Nevada, City Trees has maintained a steady position in the middle of the top 20 brands, with ranks ranging from 15th to 17th over the period from July to October 2023. While City Trees has seen an increase in sales from August to September, it still trails behind some of its competitors. Matrix NV has consistently ranked higher and shown a greater increase in sales over the same period. Similarly, Church Cannabis Co. has generally ranked higher, although it saw a significant drop in sales in October. Verano and BOUNTI have fluctuated more in their rankings but have also shown an overall increase in sales. Notably, BOUNTI jumped from 18th to 13th place from September to October, accompanied by a significant sales boost.
In October 2023, the top-selling product from City Trees was the Fruity Pebbles OG Distillate Cartridge (1g), which climbed from third place in September to first place with 630 units sold. Following closely was the Blue Dream Distillate Cartridge (1g), rising from fourth place in September to second place in October. The Banana Kush Distillate Cartridge (1g) entered the top three for the first time in October. The Fruity Pebbles OG Distillate Disposable (1g) also made its first appearance in the top four. However, the Fruity Pebbles OG Distillate Cartridge (0.9g) dropped from first place in August to fifth place in October, showing a significant change in consumer preference.