Market Insights Snapshot
The cannabis brand Elemental has shown significant performance across various categories in the state of Nevada. In the Concentrates category, Elemental has shown consistent improvement, moving from rank 57 in July 2023 to rank 43 in September 2023. However, a slight dip was observed in October, with the brand ranking at 50. This movement indicates a relatively strong demand for Elemental's concentrate products in Nevada. In the Edibles category, the brand has remained fairly stable, although it has not broken into the top 50. The rankings fluctuated between 52 and 60 over the four months, indicating a steady, if not stellar, performance.
In the Topical category, Elemental's performance in Nevada has been commendable, consistently ranking in the top 25. The brand maintained its position around the 20th rank, demonstrating a solid foothold in this category. On the other hand, the Vapor Pens category seems to be Elemental's weakest link in Nevada, with rankings consistently hovering around the 80th mark. This suggests that while Elemental has a strong presence in some categories, there is room for improvement in others. However, it's worth noting that despite this lower ranking, the brand still managed to generate substantial sales, indicating a potential for growth in this category.
In the Nevada concentrates market, Elemental has seen a fluctuating rank over the months of July to October 2023, with a peak rank of 43 in September and a low of 57 in July. This suggests a potential increase in sales during this period, although Elemental still lags behind its competitors. Notably, Green Life Productions consistently outperforms Elemental, maintaining a higher rank and presumably higher sales. Similarly, Vada also ranks higher, despite a slight drop in rank from 23 in July to 39 in October. Interestingly, Spiked Flamingo only appears in the top 20 from September, indicating a recent surge in popularity. Lastly, LIT maintains a fairly stable rank, slightly higher than Elemental, suggesting a steady customer base. These trends indicate a highly competitive market where Elemental must strive to improve its position.
In October 2023, Elemental's top-performing product was the Forge Shatter (1g) from the Concentrates category, maintaining its position from the previous month with 32 units sold. The second best-selling product was the Nuclear Distillate Cartridge (0.5g) from Vapor Pens, which saw a drop in rank from September's first place, selling 28 units. The Dark Chocolate 10-Pack (100mg) from the Edibles category jumped back into the top ranks, securing the third position after being unranked in September. The Lavender Salve Small (120mg THC, 2oz) from the Topicals category held steady at the third rank, the same as the previous month. Lastly, the Forge Crumble (1g), another product from the Concentrates category, improved its performance, moving up from fifth place in September to fourth place.