Green Dot Labs

Data Snapshot: May 04, 2024
Green Dot Labs Cannabis Brand Logo
$1M+

Apr-2024

Sales

Neutral

Trend

6-Month

623

Product Count

SKUs

Green Dot Labs

Overview

Green Dot Labs, a pioneering cannabis brand established in 2014, has earned a high reputation for its premium cannabis extracts meticulously crafted in Boulder, Colorado. As the first and longest-operating business with a sole focus on cannabis extracts, they specialize in a range of products including shatter, Live Badder, Live Rosin, and Live Resin hash oils. Besides their established presence in Colorado, Green Dot Labs has started expanding into other cannabis markets, notably entering the Arizona market as part of their growth strategy.
Markets

Green Dot Labs Locations

Product Trends

Green Dot Labs Categories

Green Dot Labs Sales

Market Insights Snapshot

Green Dot Labs Historical Sales by Category

In Colorado, Green Dot Labs has demonstrated a strong and consistent performance across multiple cannabis product categories, with notable achievements and trends emerging over the recent months. Particularly in the Concentrates category, Green Dot Labs has maintained the top position from January to April 2024, despite a noticeable decline in sales figures month over month, starting from $893,231 in January to $564,105 in April. This trend of declining sales, while maintaining a top rank, suggests a broader market shift or increased competition within the category. On the other hand, the brand has experienced a slight decline in rankings within the Flower category, moving from 6th place in January and February to 9th place by April, which might indicate challenges in maintaining market share against competitors or changes in consumer preferences within the state.

Moreover, Green Dot Labs' performance in the Pre-Roll and Vapor Pens categories reveals interesting dynamics. The brand improved its position in the Pre-Roll category, moving up from 12th to 9th place from January to April 2024, which highlights a positive trend in consumer demand or effective market strategies by Green Dot Labs in this segment. Conversely, the Vapor Pens category saw a decline from being 3rd in January to 7th by April, despite an initial increase in sales to $1,344,469 in March before dropping to $888,222 in April. This fluctuation in rankings and sales within the Vapor Pens category could suggest a highly competitive market or shifts in consumer preferences that Green Dot Labs will need to navigate. Overall, Green Dot Labs' performance across categories in Colorado shows a complex landscape of achievements and challenges, with each category presenting unique trends and market dynamics.

Apr-2024 Rank
Concentrates
Flower
Pre-Roll
Vapor Pens
1
9
9
7
Green Dot Labs

Competitive Landscape

In the competitive landscape of the Vapor Pens category in Colorado, Green Dot Labs has experienced a noticeable shift in its market position through the first quarter of 2024. Initially ranked 3rd in January, it slightly dipped to 4th in February and March, before a more significant drop to 7th in April. This fluctuation in rank is mirrored by its sales performance, with a notable decrease in April. Competitors such as Eureka and Spectra have shown strong performances, with Eureka overtaking Green Dot Labs in February and maintaining a higher rank through April, and Spectra, despite a lower start, climbing to outperform Green Dot Labs by April. Sano Gardens and Haze (CO) have also shown significant movements, with Haze (CO) making a notable jump from 17th to 8th, indicating a highly competitive and dynamic market. This trend suggests that Green Dot Labs faces stiff competition, with shifts in consumer preference and market dynamics affecting its rank and sales performance against its competitors.

Green Dot Labs market ranking for CO Vapor Pens

Green Dot Labs

Notable Products

In April 2024, Green Dot Labs saw G (3.5g) from the Flower category leading the sales with 1226 units, marking it as the top-performing product. Following closely behind was the Black Label - Bicycle Day Live Resin Cartridge (1g) from the Vapor Pens category, securing the second rank with just 5 units less than the leader. The third spot was claimed by Soul Cleanser (3.5g), another Flower product, with a total of 1217 units sold. Pre-Roll products also made a notable appearance in the rankings, with Lemon Butter Rum Pre-Roll (1g) and Black Label - G Pre-Roll (1g) taking the fourth and fifth positions, respectively. This month showcased a diverse range of products leading the sales, highlighting a shift in consumer preference within the catalog of Green Dot Labs.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
G (3.5g)
Flower
>5
>5
>5
1
Black Label - Bicycle Day Live Resin Cartridge (1g)
Vapor Pens
>5
>5
>5
2
Soul Cleanser (3.5g)
Flower
>5
>5
>5
3
Lemon Butter Rum Pre-Roll (1g)
Pre-Roll
>5
>5
>5
4
Black Label - G Pre-Roll (1g)
Pre-Roll
>5
>5
>5
5
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