Aug-2024
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Overview
Market Insights Snapshot
Dabs & Doses has shown a notable upward trend in the Concentrates category within Michigan. Starting from a rank of 38 in May 2024, the brand has climbed steadily, reaching the 26th position by August 2024. This consistent improvement highlights the brand's growing acceptance and popularity among consumers in the state. Despite a slight dip in sales from July to August, the brand's overall upward movement in rankings indicates a strengthening market presence.
However, Dabs & Doses did not appear in the top 30 brands in any other state or category for the given months, which raises questions about its performance outside of Michigan. This absence could be seen as a limitation in the brand's market penetration and recognition in other regions. It will be crucial for Dabs & Doses to strategize and potentially expand its footprint to enhance its visibility and sales in other states and categories.
Competitive Landscape
In the Michigan concentrates market, Dabs & Doses has shown a steady improvement in rank and sales over the past four months, moving from 38th place in May 2024 to 26th place in August 2024. This upward trend indicates a positive reception among consumers, although it still faces stiff competition. For instance, Monster Xtracts has also improved its rank significantly, climbing from 46th to 27th place, suggesting a similar growth trajectory. Meanwhile, Canna Bee Extracts has maintained a relatively stable position around the mid-20s, indicating consistent performance. Peachy Hash & Co. has fluctuated but remains a strong competitor, currently ranking 25th. Lastly, Rollganic has shown a steady climb, now positioned at 28th. These insights suggest that while Dabs & Doses is making notable progress, it must continue to innovate and differentiate to surpass its close competitors in the Michigan concentrates market.
Notable Products
In August 2024, the top-performing product for Dabs & Doses was Value - Phantom Menace Cured Resin Sugar (1g) in the Concentrates category, which achieved the number 1 rank with sales of $1,244. Classic - Biscotti Pippen Live Resin Sugar (1g), also in Concentrates, followed closely at rank 2. Value - California Roll Cured Resin Budder (1g) maintained its strong performance, moving up from rank 5 in June to rank 2 in August. Sour Garlic Cookie Live Resin Infused Moonrocks (3.5g) in the Flower category secured the 3rd spot. Lastly, Classic - Kush Mints x Oreo Blizzard Live Resin Sugar (1g) debuted in the rankings at position 4. This month saw significant shifts, with notable upward movements for several products.
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.