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Jun-2024
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Overview
Market Insights Snapshot
Drip Oils + Extracts has shown a mixed performance across various categories and states. In Arizona, the brand has maintained a strong presence in the Concentrates category, though there has been a slight decline in ranking from 6th in March 2024 to 10th by June 2024. This downward trend is also reflected in their sales, which have decreased over the same period. On the other hand, the brand has consistently held the top spot in the Tincture & Sublingual category throughout these months, indicating a strong foothold in this segment. However, their performance in the Flower and Pre-Roll categories has been less remarkable, with the brand not making it into the top 30 in recent months.
In Michigan, Drip Oils + Extracts has experienced some fluctuations in the Vapor Pens category. The brand's ranking has improved slightly from 70th in March 2024 to 63rd in June 2024, though this still places them outside the top 30 brands. Despite this, there have been noticeable improvements in sales figures, indicating a potential upward trend. This mixed performance across states and categories suggests that while Drip Oils + Extracts has strong areas, there are opportunities for growth and improvement in others.
Competitive Landscape
In the competitive landscape of Vapor Pens in Arizona, Drip Oils + Extracts has experienced notable fluctuations in its rankings over recent months. Starting from a rank of 11th in March 2024, the brand saw a dip to 17th in April before recovering to 15th in May and 13th in June. This volatility highlights the competitive pressure from brands like Rove, which improved its rank from 21st in March to 15th in June, and Canamo, which maintained a strong presence in the top 14 throughout the same period. Additionally, Earth Extracts and CAKE she hits different have consistently outperformed Drip Oils + Extracts, maintaining higher ranks and indicating stronger sales performance. These trends suggest that while Drip Oils + Extracts has shown resilience, it faces significant competition that impacts its market position and sales trajectory.
Notable Products
In June 2024, High THC RSO (1g) maintained its top position in the rankings for Drip Oils + Extracts, achieving sales of 3342 units. Cherry Cookies Distillate Cartridge (1g) emerged as the second-best performer. CBD/CBG 1:1 Hemp Salve (500mg CBD, 500mg CBG) held steady at third place, showing a slight decline in sales from previous months. Pineapple Express Distillate Disposable (1g) climbed to fourth place, indicating an improvement in its ranking. Watermelon Kush Distillate Disposable (1g) entered the charts at fifth place, showcasing notable sales growth.
Top Selling Cannabis Brands
