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Aug-2024
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Overview
Market Insights Snapshot
Drip Oils + Extracts has shown varied performance across different categories and states. In Arizona, their ranking in the Concentrates category has seen a slight decline from 7th in May 2024 to 10th by August 2024. Despite this, their sales have remained relatively stable, with a small uptick in August. The brand has maintained a consistent top position in the Tincture & Sublingual category, holding the number one rank throughout the four months, with sales showing a positive trend. In the Vapor Pens category, Drip Oils + Extracts has improved its ranking from 16th in May to 12th in August, indicating a growing presence in this segment.
In contrast, the performance of Drip Oils + Extracts in Michigan has been less impressive in the Vapor Pens category. Starting at a rank of 67 in May, the brand has managed to climb to 43 by August, showing a significant improvement but still not breaking into the top 30. This upward trend in ranking is accompanied by a noticeable increase in sales, suggesting that the brand is gradually gaining traction in the Michigan market. However, the absence of Drip Oils + Extracts in the top 30 for other categories in Michigan might indicate limited market penetration outside of Vapor Pens.
Competitive Landscape
In the competitive landscape of vapor pens in Arizona, Drip Oils + Extracts has shown a steady improvement in its rank over the past few months, moving from 16th in May 2024 to 12th by August 2024. This upward trend is indicative of a positive reception in the market, particularly when compared to other brands. For instance, Sauce Essentials also experienced a rise, climbing from 22nd to 13th in the same period, but still trails behind Drip Oils + Extracts. Meanwhile, IO Extracts has maintained a consistent top 10 position, suggesting a strong market presence that Drip Oils + Extracts is gradually approaching. Additionally, Earth Extracts has seen fluctuations, dropping to 14th by August 2024, which contrasts with the stable ascent of Drip Oils + Extracts. The competitive dynamics highlight that while Drip Oils + Extracts is not yet at the top, its consistent improvement in rank and sales growth positions it as a formidable contender in the Arizona vapor pen market.
Notable Products
In August 2024, the top-performing product from Drip Oils + Extracts was High THC RSO (1g) in the Concentrates category, maintaining its leading position with impressive sales of 3444 units. Blue Dream Distillate Cartridge (1g) in the Vapor Pens category, which held the top rank in July, dropped to second place this month. GMO Cookies Distillate Cartridge (1g), also in the Vapor Pens category, saw a rise to third place from fifth in July. Super Lemon Haze Distillate Cartridge (1g) entered the rankings at fourth place, while Sour Tangie Distillate Cartridge (1g) fell to fifth position from third in July. This shift in rankings highlights a dynamic market with significant movements among the top 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.
