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Jun-2024
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Overview
Market Insights Snapshot
Good Taste has shown a consistent presence in the Missouri edible market, maintaining a steady rank of 21 from March to June 2024. This stability indicates a loyal customer base and effective market strategies, despite the slight dip in sales from May to June. The brand's ability to remain within the top 30 throughout these months suggests a strong foothold in the state, although there is room for improvement to climb higher in the rankings.
However, Good Taste's performance outside of Missouri appears to be less notable, as they did not make it into the top 30 brands in other states or categories. This absence highlights areas where the brand could potentially expand or improve its market penetration. Focusing on enhancing their product offerings or marketing strategies in other regions could help boost their visibility and sales across a broader geographic area.
Competitive Landscape
In the Missouri edible cannabis market, Good Taste has consistently maintained its 21st rank from March to June 2024. Despite this steady ranking, Good Taste's sales have shown fluctuations, peaking in May 2024 before dropping in June 2024. Comparatively, Ostara Cannabis experienced a decline in rank from 15th in March to 19th by June, indicating a potential opportunity for Good Taste to climb the ranks if it can capitalize on this trend. Meanwhile, Smokey River Cannabis has consistently held the 20th position, just one spot above Good Taste, but with higher sales figures. Brands like Fireball Cannabis and Vivid (MO) have remained below Good Taste in rank, suggesting that Good Taste is performing relatively well against some competitors. These insights highlight the competitive landscape and suggest that with strategic marketing and product adjustments, Good Taste could potentially improve its ranking and sales in the Missouri edible cannabis market.
Notable Products
In June 2024, the top-performing product from Good Taste was Sativa Clementine Gummies 10-Pack (100mg), maintaining its first-place rank for four consecutive months with sales of $3110. Blue Razzberry Gummies 10-Pack (100mg) held steady in the second position, although its sales decreased to $1793. Indica Strawberry Gummies 10-Pack (100mg) remained in third place, continuing its consistent performance across the months. Fruitfetti Crispies 10-Pack (100mg) also showed stability, securing the fourth position. Notably, the Pink Lemonade High Dose Gummies 10-Pack (300mg) debuted in fifth place, showing promising initial sales figures.
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