Goody Bag

Data Snapshot: May 04, 2024
Goody Bag Cannabis Brand Logo
$100K+

Apr-2024

Sales

Decline

Trend

6-Month

23

Product Count

SKUs

Goody Bag

Overview

Goody Bag is a distinctive cannabis brand known for crafting THC-infused hard sweets and gummies, offering customers a flavorful experience coupled with the relaxing properties of CBD and THC. Produced in small, hand-made batches to guarantee the highest quality, the brand has even gained recognition among high-profile entities such as the Golden State Warriors. Despite some feedback suggesting a more mild THC effect compared to competitors, the brand manages to retain loyal customers with its unique flavorful offerings and a strong presence within the Michigan cannabis market.
Markets

Goody Bag Locations

Product Trends

Goody Bag Categories

Goody Bag Sales

Market Insights Snapshot

Goody Bag Historical Sales by Category

In Illinois, Goody Bag has shown a consistent performance within the edibles category, maintaining its position in the top 30 brands from January to April 2024. The brand experienced a slight dip in ranking from 19th in January to 21st in March, before climbing back up to 18th position in April. This improvement in ranking is noteworthy, especially considering the brand's sales increased from $243,851 in January to $263,228 in April, indicating a positive reception among consumers and a potential growth trajectory in the competitive Illinois market. This upward movement in both sales and ranking positions Goody Bag as a brand to watch in the edibles sector within Illinois.

Conversely, in Michigan, Goody Bag's performance tells a different story. The brand was not able to secure a spot in the top 30 brands in the edibles category from January to April 2024, with its ranking slipping from 32nd in January to 44th in April. This decline is mirrored in the brand's sales figures, which decreased from $193,914 in January to $125,693 in April. The consistent downward trend in both ranking and sales suggests challenges in capturing the Michigan market's interest or competing effectively with other brands in the edibles category. This divergence in performance between Illinois and Michigan highlights the importance of market-specific strategies for cannabis brands.

Apr-2024 Rank
Edible
18
44
Goody Bag

Competitive Landscape

In the competitive landscape of the edible category in Illinois, Goody Bag has shown a fluctuating performance in terms of rank and sales over the recent months. Starting at 19th in January, dropping to 20th in February, not making the top 20 in March, and then climbing to 18th in April, Goody Bag's journey reflects a challenging market. Competitors like The Botanist and DIBZ have consistently outperformed Goody Bag, with The Botanist ranking higher in all observed months and DIBZ maintaining a lead except in April when Goody Bag slightly overtook it. Good Tide showed a remarkable improvement, moving from not being in the top 20 in January to surpassing Goody Bag by March and maintaining a close competition in April. On the other hand, Savvy, despite its fluctuating performance, remained a close competitor, ending up just two places behind Goody Bag in April. This dynamic indicates a highly competitive market where Goody Bag's slight improvements in rank and sales are crucial for its standing but must be viewed in the context of significant pressures from both established and rising competitors.

Goody Bag market ranking for IL Edible

Goody Bag

Notable Products

In April 2024, Goody Bag saw Citrus Gummies 10-Pack (100mg) leading its sales with a total of 3663 units, marking its position as the top-selling product for the month. Following closely, Pink Lemonade Gummies 10-Pack (200mg), which had previously led the charts in March, slipped to the second position. The Citrus Gummies 20-Pack (200mg) maintained a strong presence by securing the third rank, showing consistency in consumer preference from the previous month. Notably, new entries such as Melon Gummies 10-Pack (200mg) and Orange Soda RSO Gummies 10-Pack (100mg) made it to the top 5, ranking fourth and fifth respectively. This shift in rankings highlights a dynamic consumer interest within Goody Bag's edible category, with a particular inclination towards gummy products.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Citrus Gummies 10-Pack (100mg)
Edible
>5
>5
>5
1
Pink Lemonade Gummies 10-Pack (200mg)
Edible
3
4
1
2
Citrus Gummies 20-Pack (200mg)
Edible
4
2
2
3
Melon Gummies 10-Pack (200mg)
Edible
>5
>5
>5
4
Orange Soda RSO Gummies 10-Pack (100mg)
Edible
>5
>5
>5
5
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