Market Insights Snapshot
In the Vapor Pens category, Nevada witnessed some interesting movements from the cannabis brand Desert Drip. The brand was not among the top 20 brands in July and August 2023, indicating a potential area for improvement. However, by September 2023, Desert Drip managed to break into the rankings at the 36th position, showing a promising upward trend. Even more impressively, by October 2023, they had climbed 16 spots to secure the 20th rank, suggesting a strong performance and increased market presence.
Examining the sales data further underscores this positive trend. While sales data for July and August 2023 is not available, we see a significant jump in sales from September to October 2023. Specifically, sales more than quintupled from $32,300 in September to a whopping $194,361 in October. This drastic increase in sales corresponds with Desert Drip's rise in the rankings, indicating that their growing popularity is translating into tangible financial gains. As we move forward, it will be interesting to see if Desert Drip can maintain this momentum in the competitive Vapor Pens category in Nevada.
Desert Drip, a Vapor Pens brand based in Nevada, has shown a remarkable upward trajectory in the market. Despite not being in the top 20 brands in July and August 2023, it made a significant leap to rank 36th in September and further improved to the 20th position in October. This indicates a substantial increase in sales and market acceptance. In comparison, Packwoods and Panna Extracts have maintained a steady position in the lower 20s over the same period, while Savvy and UB GOOD have experienced slight fluctuations in their rankings. Notably, Desert Drip's October rank is on par with Savvy's and better than Packwoods' and Panna Extracts', signaling a promising competitive edge for Desert Drip in the Nevada Vapor Pens category.
In October 2023, the top-selling product from Desert Drip was the Ice Cream Cake Live Resin Cartridge (1g) in the Vapor Pens category, with an impressive 1,355 units sold. Following closely behind was the Durban Margy Live Resin Cartridge (1g), also in the Vapor Pens category, ranking second with 1,337 units sold. The third spot was secured by the French Cookies Live Resin Cartridge (1g), which sold 1,294 units. Interestingly, the FroYo Live Resin Cartridge (1g) made a significant leap to the fourth spot, despite not being in the top five the previous month. However, the Orange Cookies Live Resin Cartridge (1g), which was the top seller in September, dropped to the fifth spot in October with 962 units sold.