Drip (MI)

Data Snapshot: May 04, 2024
Drip (MI) Cannabis Brand Logo
$1M+

Apr-2024

Sales

Neutral

Trend

6-Month

39

Product Count

SKUs

Drip (MI)

Overview

Drip is a cannabis brand offered by Lume Cannabis Co, the largest cannabis company in Michigan, widely recognized for its diverse product range including Quicky Gummies and a unique Ric Flair Drip Cannabis line. The brand stands out for other value-driven products like the Indica with a high THC content of 86.42%, and the Jack Diesel Drip. By connecting growers and buyers through a middleman system, Drip emphasizes on providing quality over cost, sourcing its cannabis only from trusted growers.
Markets

Drip (MI) Locations

Product Trends

Drip (MI) Categories

Drip (MI) Sales

Market Insights Snapshot

Drip (MI) Historical Sales by Category

In the competitive landscape of the Michigan cannabis market, Drip (MI) has shown a notable performance within the Vapor Pens category, as evidenced by its rankings over the first four months of 2024. Starting the year at a strong position, ranked 4th in January with sales reaching $2,534,647, the brand experienced a slight dip in February, moving down to the 5th position. However, Drip (MI) quickly regained its momentum, climbing back to the 4th rank in March and further advancing to the 3rd rank by April. This upward trajectory in rankings, despite a brief setback in February, indicates a resilient and growing interest in Drip (MI)'s offerings within the Michigan market. The fluctuation in rankings, particularly the rebound and improvement in position, highlights the brand's ability to navigate the market dynamics and maintain a strong appeal among consumers.

It's important to note that the brief drop in ranking during February did not deter Drip (MI) from making a significant comeback in the following months. This resilience is a testament to the brand's strategic market positioning and product appeal in Michigan. The absence from the top 30 brands in any state or category in a given month can often signal challenges in visibility or consumer demand, but Drip (MI)'s consistent top 5 presence from January to April 2024 underscores its solid footing in the Vapor Pens category. The brand's performance is particularly impressive considering the competitive nature of the Michigan cannabis market, where numerous brands vie for consumer attention. Drip (MI)'s ability to not only recover from a slight ranking dip but also improve its standing is indicative of its robust market strategy and the high quality of its vapor pen products.

Apr-2024 Rank
Vapor Pens
3
Drip (MI)

Competitive Landscape

In the competitive landscape of the Vapor Pens category in Michigan, Drip (MI) has shown a notable performance amidst its competitors. Starting at the 4th rank in January 2024, Drip (MI) experienced a slight dip to 5th in February before climbing back to 4th in March and further advancing to 3rd by April. This upward trajectory in rank is indicative of a positive sales trend, despite not leading the category. The top spot is consistently held by Mitten Extracts, showcasing a dominant presence with the highest sales figures throughout the observed period. Following closely, Breeze Canna maintained the 2nd rank, indicating strong competition with sales figures significantly higher than Drip (MI). Other notable competitors include MKX Oil Company and Platinum Vape, both of which have shown competitive sales figures but with Platinum Vape experiencing a rank improvement in April, moving up to 5th. Drip (MI)'s performance, amidst such stiff competition, suggests a solid market presence and an upward sales momentum, positioning it as a brand to watch in the Michigan Vapor Pens market.

Drip (MI) market ranking for MI Vapor Pens

Drip (MI)

Notable Products

In April 2024, Drip (MI) saw its top-selling product as the Blue Dream Distillate Cartridge (1g) from the Vapor Pens category, maintaining its number one rank with sales figures reaching 22,632 units. Following closely behind, the Green Crack Distillate Cartridge (1g) also from the Vapor Pens category, secured the second position, showcasing consistent popularity without a rank in February but bouncing back strongly. A notable newcomer, God's Gift Distillate Cartridge (1g), made an impressive debut directly into the third rank, indicating a significant market demand. The White Rhino Distillate Cartridge (1g) followed in fourth place, marking its entrance into the competitive landscape. The Premium Sour Tangie Distillate Cartridge (1g) experienced a slight drop in rank from third in March to fifth in April, yet it remains a key player within Drip (MI)’s product lineup.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Blue Dream Distillate Cartridge (1g)
Vapor Pens
1
1
1
1
Green Crack Distillate Cartridge (1g)
Vapor Pens
2
>5
2
2
God's Gift Distillate Cartridge (1g)
Vapor Pens
>5
>5
>5
3
White Rhino Distillate Cartridge (1g)
Vapor Pens
>5
>5
>5
4
Premium Sour Tangie Distillate Cartridge (1g)
Vapor Pens
>5
4
3
5
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