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Jun-2024
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Overview
Market Insights Snapshot
Legendary Laboratories, Llc has shown a consistent presence in the Washington market, particularly in the Flower category. Over the past four months, the brand has maintained a steady ranking, fluctuating between 17th and 19th place. This stability is noteworthy given the competitive nature of the Flower category. Sales figures reflect this consistency, with a notable increase from $315,008 in March 2024 to $348,416 in June 2024, indicating a positive trend. However, it's important to note that while they remain within the top 30, there is room for improvement to climb higher in the rankings.
In contrast, the performance of Legendary Laboratories, Llc in the Pre-Roll category in Washington has been less impressive. The brand has not managed to break into the top 30, with rankings hovering in the 80s. Despite a slight increase in sales from March to April 2024, the subsequent months saw a decline, ending with $35,940 in June 2024. This suggests that the brand faces significant challenges in gaining a foothold in the Pre-Roll segment. The lack of top 30 placement indicates that there is substantial room for growth and improvement in this category.
Competitive Landscape
In the Washington flower category, Legendary Laboratories, Llc has shown a consistent performance, maintaining a rank within the top 20 brands from March to June 2024. Despite a slight fluctuation, Legendary Laboratories, Llc improved its rank from 19th in March to 17th in June, indicating a positive trend in market presence. Competitors such as Forbidden Farms and Bodega Buds have also experienced rank changes, with Forbidden Farms dropping from 10th to 16th and Bodega Buds slightly declining from 16th to 18th. This shift suggests a potential opportunity for Legendary Laboratories, Llc to capture more market share as some competitors face downward trends. Additionally, SubX has shown an upward trajectory, moving from 29th to 15th, and Hemp Kings improved from 26th to 19th, indicating a competitive landscape where maintaining and improving rank requires strategic marketing and product differentiation. Overall, Legendary Laboratories, Llc's steady sales growth and improved ranking position it well against its competitors in the Washington flower market.
Notable Products
In June 2024, the top-performing product for Legendary Laboratories, Llc was Bubblegum Gelato (3.5g) in the Flower category, maintaining its number one rank from May 2024 with notable sales of 2885 units. Bubblegum Runtz (3.5g), also in the Flower category, held steady at the second position since May 2024, selling 2561 units. Mt. Gelato (3.5g), another Flower product, remained consistently in third place for the fourth consecutive month. Lemon Cherry Gelato (3.5g) continued to rank fourth, showing a slight decline in sales over the months. The new entry, Bubblegum Gelato Pre-Roll 2-Pack (1g) in the Pre-Roll category, debuted at fifth place with 983 units sold.
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