Market Insights Snapshot
In the category of Tincture & Sublingual, the cannabis brand Gramz has shown a positive trajectory in the Arizona market. Starting at a respectable 9th position in July 2023, Gramz improved its ranking gradually to secure the 7th position by October 2023. This upward trend indicates a growing preference for Gramz among the consumers of Tincture & Sublingual cannabis products in Arizona. However, it's worth noting that the sales figures fluctuated during this period, hinting at potential volatility in this category.
On the other hand, Gramz has maintained a steady 6th position in the Topical category in Arizona from July to October 2023. This consistent performance demonstrates the brand's solid foothold in this category. The sales trend also mirrors this consistency, with a notable increase from July to September, followed by a slight dip in October. This could suggest a seasonal trend or other market factors at play, which might be worth exploring for potential investors and market analysts.
In the Topical category within the Arizona market, Gramz has consistently maintained its rank at the 6th position from July to October 2023, showing a stable presence in the market. However, it's worth noting that Gramz's sales have shown a slight decline in October compared to the previous months. In comparison, Tru Infusion and Drip Oils + Extracts have been performing better in terms of sales, with Drip Oils + Extracts showing a significant increase in October. On the other hand, CBD Wellness and DermaFreeze have been ranking lower than Gramz, with CBD Wellness showing a notable decrease in sales over the period. This analysis suggests that while Gramz has a solid position in the market, there is potential for growth and improvement in sales performance.
In October 2023, the top-performing product for Gramz was the CBD/THC 1:1 Herbal Lotion, maintaining its first place position from previous months. The THC Herbal Lotion ranked second, moving up from its third place position in September. The CBG/THC 1:2 G9 Aphrodisiac Libido Booster ranked third, dropping one place from its second place position in September. The CBG/THC 1:2 G9 Herbal Aphrodisiac Libido Booster made a significant leap from fifth place in September to fourth place in October. Lastly, the CBG/THC 1:2 Essential Roll On Oil Cream slipped from fourth place in September to fifth place in October. The CBD/THC 1:1 Herbal Lotion notably sold 320 units in October, demonstrating its continued popularity.