Aug-2024
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Overview
Market Insights Snapshot
Jumbodose has demonstrated consistent performance in the Tincture & Sublingual category in New York. The brand maintained its third-place ranking from May through August 2024, indicating a strong and stable presence in the market. Sales figures reveal a positive trend, with a noticeable increase from $89,943 in May to $168,680 in August. This steady ranking and upward sales trajectory suggest that Jumbodose has successfully captured and retained a significant portion of the market in this category, which is a promising sign for its future growth and market penetration.
However, it is important to note that Jumbodose's visibility and ranking in other states and categories are not mentioned, implying that the brand may not be as competitive or well-established outside of New York's Tincture & Sublingual market. The absence of Jumbodose from the top 30 brands in other states or categories could be a potential area of concern and highlights the need for strategic expansion and market diversification. These insights suggest that while Jumbodose is thriving in New York, there is room for growth and improvement in broader markets.
Competitive Landscape
In the competitive landscape of the Tincture & Sublingual category in New York, Jumbodose has consistently maintained its position at rank 3 from May to August 2024. Despite its stable ranking, Jumbodose faces stiff competition from top players such as Head & Heal and Ayrloom, which hold the first and second spots respectively. Notably, Head & Heal has dominated the market, consistently ranking first with significantly higher sales figures. Meanwhile, Ayrloom has also shown strong performance, maintaining its second position. Jumbodose's sales have seen a positive trend, with a notable increase from $89,943 in May to $168,680 in August. However, the brand must strategize effectively to close the gap with its higher-ranked competitors. Additionally, OMO - Open Minded Organics and Veterans Choice Creations (VCC) are also in the mix, with the latter showing a resurgence in August after missing the top 20 in July. For Jumbodose to improve its market position, understanding the strategies and consumer preferences driving the success of these competitors will be crucial.
Notable Products
In August 2024, the top-performing product from Jumbodose was Hybrid Mega Tincture (1000mg THC, 30ml, 1oz) with sales reaching 1105 units, maintaining its top position from July. The CBG/THC 5:1 Focus Tincture (1500mg CBG, 300mg THC, 30ml) climbed to the second spot, showing a steady increase in rankings and sales over the past months. The CBN/THC 5:1 Doze Tincture (1500mg CBN, 300mg THC, 30ml) secured the third position, consistent with its performance in July. Meanwhile, the CBD/THC 5:1 Chill Tincture (1500mg CBD, 300mg THC, 30ml) dropped to fourth place, despite being the top product in May and June. The Rosin Drops Hash Tincture (300mg THC, 30ml) remained stable in the fifth position throughout the observed months.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.