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Jun-2024
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Overview
Market Insights Snapshot
Green Revolution has shown a consistent presence in the Washington cannabis market across multiple product categories. In the Beverage category, the brand has maintained a steady ranking, holding the 4th position from April to June 2024, despite a slight dip in sales from $452,467 in March to $421,369 in June. This consistency suggests a strong brand loyalty and a stable customer base. Conversely, in the Tincture & Sublingual category, Green Revolution experienced a brief peak, reaching the 1st position in April before returning to 2nd place in May and June. This fluctuation indicates a competitive market where Green Revolution is still a top contender but faces significant competition.
In the Edible category, Green Revolution has consistently held the 2nd position from March through June 2024, showcasing its strong performance and consumer preference in this segment. The brand's sales in this category have shown resilience, with a notable increase from $865,211 in April to $944,317 in June, indicating growing consumer demand. However, it's important to note that Green Revolution did not appear in the top 30 brands in any other states or provinces during this period. This absence highlights potential areas for growth and expansion beyond Washington, where the brand could leverage its strong performance to enter new markets and increase its overall footprint.
Competitive Landscape
In the competitive landscape of the Washington Edible cannabis market, Green Revolution has consistently maintained its position as the second-ranked brand from March to June 2024. Despite facing stiff competition, Green Revolution's stable rank indicates a strong market presence and customer loyalty. The top competitor, Wyld, has held the first position throughout the same period, with significantly higher sales figures, suggesting a dominant lead in the market. Meanwhile, Craft Elixirs and Hot Sugar have alternated between the third and fourth positions, with sales figures trailing behind Green Revolution. The consistent ranking of Green Revolution, despite fluctuations in competitors' positions, highlights its robust performance and potential for growth in the Washington Edible category.
Notable Products
In June 2024, the top-performing product from Green Revolution was Nano Doozies - CBD/CBN/THC 1:1:1 Blue Raspberry Nighttime Gummies 10-Pack, maintaining its first-place rank for the fourth consecutive month with sales of $12,391. Following closely, Wildside Fly Max- CBG/THC 1:1 Sour Green Apple Fast-Acting Shot held its second-place position, consistent with its performance in May. Wildside Chill - THC/CBN 20:1 Blue Raspberry MAX Shot secured the third spot, showing stability in its ranking from the previous month. Wildside Fly - THC/CBG 20:1 Raspberry MAX Shot moved up to fourth place from its fifth position in May. A new entry, Doozies Elevate - THC/CBG 1:1 Watermelon Gummies 10-Pack, debuted in the rankings at fifth place.
Top Selling Cannabis Brands
