.svg){kind=small}
Sep-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Goldsmith Extracts has shown a consistent performance in the Arizona market, particularly in the Concentrates category. Over the summer months of 2024, their ranking remained stable, fluctuating slightly between the 21st and 22nd positions. This stability is indicative of a strong foothold in the market, although it suggests limited upward mobility. Such consistency in ranking, coupled with a slight increase in sales from June to August, highlights a steady demand for their products in this category. However, the absence of a top 30 ranking in other states or provinces for Concentrates could imply either a strategic focus on Arizona or a need for expansion efforts elsewhere.
In contrast, Goldsmith Extracts' performance in the Vapor Pens category in Arizona has been more volatile, with rankings dropping from 31st in June to 39th by September. This downward trend in rankings, alongside a decline in sales, might suggest challenges in maintaining competitiveness or shifts in consumer preferences. Notably, the brand's absence from the top 30 in other states or provinces for Vapor Pens could be a strategic gap or an opportunity for market penetration. These movements within Arizona provide a nuanced view of Goldsmith Extracts' market dynamics, emphasizing the need for strategic adjustments to improve their standing in the Vapor Pens category.
Competitive Landscape
In the competitive landscape of vapor pens in Arizona, Goldsmith Extracts has experienced fluctuating rankings over the past few months, indicating a dynamic market position. In June 2024, Goldsmith Extracts was ranked 31st, but by September 2024, it had slipped to 39th. This decline in rank is contrasted with brands like Khalifa Kush, which made a significant leap from being unranked in June to 42nd in August, and Sweet Science, which improved its position from 45th in June to 36th in September. Despite these shifts, Goldsmith Extracts' sales figures show a gradual decline, which could be attributed to the competitive pressure from brands like The Giving Tree and The Pharm, both of which have maintained relatively stable sales. The data suggests that while Goldsmith Extracts is facing challenges in maintaining its rank, there is potential for strategic adjustments to regain market share in the Arizona vapor pen category.
Notable Products
In September 2024, Purple Punch Badder (1g) from Goldsmith Extracts led the sales as the top-performing product in the Concentrates category, maintaining its number one rank from the previous month with sales reaching 609 units. Mimosa Distillate Syringe (1g) climbed to the second position, showing a significant increase from its fourth-place rank in August. Grand Daddy Purple Distillate Syringe (1g) dropped to the third position despite strong sales performance in earlier months. Sour Tangie Distillate Syringe (1g) held the fourth rank, indicating a consistent yet slightly declining trend in its sales rank over the months. Lastly, GrandDaddy Purple Distillate Syringe (0.5g) remained steady in fifth place, maintaining its position from 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.
