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Aug-2024
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Overview
Market Insights Snapshot
GB Sciences has shown significant improvement in the Flower category in Nevada, rising from a rank of 58 in May 2024 to an impressive 12 by August 2024. This upward trajectory indicates a strong market presence and growing consumer preference for their Flower products. The sales figures support this trend, with a notable increase from $102,261 in May to $642,245 in August. However, GB Sciences did not rank in the top 30 for the Pre-Roll category in May, June, or July, finally entering the rankings at 39 in August, which suggests that while their Flower products are gaining traction, their Pre-Roll offerings may need strategic adjustments to improve market performance.
In the Pre-Roll category, the absence of GB Sciences in the top 30 rankings for the initial months of May, June, and July 2024 is a point of concern, as it highlights a weaker performance in this segment. Despite this, their entry into the rankings at 39 in August 2024 shows a potential for growth, albeit from a lower baseline compared to their Flower category. This mixed performance across different product categories suggests that while GB Sciences has made substantial gains in certain areas, there are opportunities for improvement in others to achieve a more balanced market presence.
Competitive Landscape
In the competitive landscape of the Nevada Flower market, GB Sciences has shown a remarkable upward trend in recent months. Starting from a rank of 58 in May 2024, GB Sciences surged to 12 by August 2024, indicating a significant improvement in market position. This rise is particularly notable when compared to competitors such as CAMP (NV), which experienced fluctuations but remained within the top 10 for most of the period, and Stackhouse, whose rank varied more widely, peaking at 8 in May but dropping to 13 by August. Meanwhile, Firestar also showed a positive trend, moving from 19 in May to 14 in August. The absence of &Shine in the rankings for June and August suggests inconsistency, although it performed well in May and July. GB Sciences' consistent rise in rank and sales volume indicates a strong market performance, positioning it as a formidable player in the Nevada Flower category.
Notable Products
In August 2024, the top-performing product for GB Sciences was Jenny Kush (3.5g) in the Flower category, maintaining its first-place ranking for four consecutive months with a notable sales figure of 12,272 units. Jenny Kush Pre-Roll (1g) also held steady in second place throughout the same period, although its sales decreased from July to August. Jenny Kush Popcorn (14g), another Flower product, emerged in the rankings for the first time in July at third place. This indicates a consistent preference for the Jenny Kush line within the Flower and Pre-Roll categories. Overall, GB Sciences' top products have shown strong and stable performance, with Jenny Kush (3.5g) leading the sales surge in August.
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.
