Good News

Data Snapshot: May 04, 2024
Good News Cannabis Brand Logo
$1M+

Apr-2024

Sales

Decline

Trend

6-Month

129

Product Count

SKUs

Good News

Overview

Good News, a product line by Cresco Labs, redefines the use of cannabis, marketing it as an experience heightening social interactions. The brand puts forth a wide range of easily consumed and shareable products such as shorties, disposable vape pens, and gummies comprised of varied strains - indica, sativa, and hybrid. Known for its simple and upbeat branding, Good News is gaining popularity along with its parent company, Cresco Labs, which also operates Sunnyside dispensaries and other notable cannabis brands.
Markets

Good News Locations

Product Trends

Good News Categories

Good News Sales

Market Insights Snapshot

Good News Historical Sales by Category

In the competitive landscape of cannabis brands, Good News has shown a consistent performance in the Illinois market across multiple categories. Notably, in the Edible category, Good News has maintained its 8th rank from January to April 2024, with sales peaking in April at 687,895 dollars. This stability indicates a strong consumer preference and brand loyalty within the state. However, the brand's position in the Pre-Roll and Vapor Pens categories tells a different story, with rankings experiencing a slight decline over the same period. Specifically, in the Pre-Roll category, Good News slipped from the 14th position in January to the 20th by April, suggesting challenges in maintaining its market share against competitors.

Contrastingly, Good News's performance in the Massachusetts market reveals a positive trajectory, especially in the Vapor Pens category, where it improved its rank from 9th in January to 7th by April. This upward movement highlights the brand's growing popularity and possibly its effective market strategies within Massachusetts. However, the brand's venture into the Michigan market has faced significant hurdles, as evidenced by its rankings in the Edible and Vapor Pens categories, where it fell far beyond the top 30 by April 2024, indicating a struggle to capture consumer interest in a highly competitive landscape. This stark contrast in performance across states underscores the importance of market-specific strategies for cannabis brands.

Apr-2024 Rank
Edible
Pre-Roll
Vapor Pens
8
20
10
12
7
59
Good News

Competitive Landscape

In the competitive landscape of the Vapor Pens category in Illinois, Good News has experienced fluctuations in its market position, indicating a dynamic market scenario. Initially ranked 11th in January 2024, Good News saw a slight dip to 14th in February and March, before climbing back to 10th in April. This rollercoaster movement reflects not just the brand's resilience but also the intense competition within the category. Notably, Bloom showed a significant improvement, moving from the 13th position up to 8th in March, then slightly dropping to 12th in April, showcasing a potential threat to Good News with its upward trajectory in rank despite a later dip. Conversely, Ozone, which consistently ranked higher than Good News, saw a decline from 8th to 11th position by April, illustrating the volatile nature of consumer preferences. In House demonstrated remarkable growth, moving from 14th to 9th, surpassing Good News in April, indicating a strong upward momentum. Meanwhile, (the) Essence maintained a leading position, moving from 7th to 5th and then to 8th, signifying its strong market presence and setting a high benchmark for Good News. These shifts underscore the competitive dynamics Good News faces, with both emerging and established brands impacting its market position and necessitating strategic responses to maintain and enhance its market share.

Good News market ranking for IL Vapor Pens

Good News

Notable Products

In April 2024, Good News saw Me Time - Indica Blue Raspberry Gummies 10-Pack (100mg) leading their sales with 12,090 units sold, maintaining its top position from March. Following closely, Counting Sheep - THC/CBN 2:1 Black Cherry Gummies 10-Pack (100mg THC, 50mg CBN) ranked second, a slight shift from its leading stance in January and February. Friyay - Watermelon Gummies 10-Pack (100mg) held the third spot consistently from the previous month, indicating stable consumer preferences. Brunch - Orange Gummies 10-Pack (100mg) improved its ranking to fourth, showing a steady increase in its popularity over the past months. Notably, Brunch - Orange BDT Distillate Disposable (0.3g), a newcomer in the rankings, made it to the fifth position, highlighting a diversifying interest among Good News consumers.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Me Time - Indica Blue Raspberry Gummies 10-Pack (100mg)
Edible
3
3
1
1
Counting Sheep - THC/CBN 2:1 Black Cherry Gummies 10-Pack (100mg THC, 50mg CBN)
Edible
1
1
2
2
Friyay - Watermelon Gummies 10-Pack (100mg)
Edible
2
2
3
3
Brunch - Orange Gummies 10-Pack (100mg)
Edible
5
5
4
4
Brunch - Orange BDT Distillate Disposable (0.3g)
Vapor Pens
>5
>5
>5
5
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