Market Insights Snapshot
In the Concentrates category, Dabs 4 Less has maintained a consistent performance in Washington state. The brand held its position within the top 10 brands for four consecutive months from August to November 2023, ranking 8th in August and settling at 9th from September to November. This consistency in ranking, despite the competitive nature of the market, indicates a stable demand for the brand's products in this category and state. However, it's worth noting that they did not manage to climb the ranks during this period.
On the sales front, Dabs 4 Less experienced a slight decrease in August 2023, with sales dropping from $243,989 to $221,426 in September. However, the brand managed to stabilize its sales in the following months, maintaining a steady figure around $220,000. This suggests that while there may have been a temporary dip, the brand's sales performance remained relatively resilient. It also hints at the brand's ability to retain its customer base in the Washington Concentrates market, which is a positive sign for its future performance.
In the Concentrates category in Washington, Dabs 4 Less has been experiencing a slight decline in rank from August to November 2023, moving from 8th to 9th place. This indicates a potential decrease in market share compared to competitors. For instance, Sticky Frog has consistently maintained a higher rank, while Oleum Extracts (Oleum Labs) has seen a slight dip but still outperforms Dabs 4 Less. Interestingly, Slab Mechanix has shown significant improvement, climbing from 17th to 11th place over the same period. Meanwhile, Toasted Farms has remained steady at 10th place. This suggests that Dabs 4 Less may need to revamp its strategies to regain its competitive edge in the Washington Concentrates market.
In November 2023, Dabs 4 Less's top-performing product was the Meloncane BHO Wax (1g), selling 3566 units. Following closely behind in the second spot was the Orange Runtz Wax (1g) with 2951 units sold. The third and fourth spots were occupied by Lemon Cherry Kush Wax (1g) and Nitro Punch Wax (1g), with sales of 2774 and 2679 units respectively. The fifth spot was claimed by London Pound Cake Wax (1g) with 2663 units sold. It is noteworthy that these rankings represent a significant shift from previous months, indicating a surge in the popularity of these products.