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Aug-2024
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Overview
Market Insights Snapshot
Nanticoke has shown varied performance across different product categories in New York. In the Edible category, their ranking has seen a positive trend, moving from 29th place in June 2024 to 27th place in August 2024. However, they were not in the top 30 in May 2024, indicating a slow start in this category. The Flower category, on the other hand, has been a strong performer for Nanticoke, consistently maintaining a top 10 ranking and peaking at 5th place in both June and July 2024 before slightly dropping to 6th place in August 2024. This category has seen robust sales growth, suggesting strong consumer preference.
The Pre-Roll category has also been a highlight for Nanticoke in New York. They have climbed from 7th place in May 2024 to an impressive 4th place in August 2024, indicating a steady increase in popularity. Conversely, the Vapor Pens category has shown less dramatic movement, maintaining a relatively stable position around the 27th to 29th ranks over the months. This stability could imply a consistent but limited market share in this segment. Overall, Nanticoke's performance across these categories highlights both areas of strength and opportunities for growth in the New York market.
Competitive Landscape
In the competitive landscape of the New York Flower category, Nanticoke has demonstrated a notable upward trajectory in both rank and sales over the past few months. Starting from a rank of 8 in May 2024, Nanticoke ascended to 5th place in June and July before slightly dipping to 6th in August. This consistent performance indicates robust market presence and growing consumer preference. In comparison, Electraleaf experienced a decline, moving from 4th in May to 7th in August, suggesting potential challenges in maintaining its market share. Meanwhile, Revert Cannabis New York has consistently held the 4th position since June, showcasing strong and stable growth. Notably, Back Home Cannabis Co. made a significant leap from 18th in May to 5th in August, indicating aggressive market penetration. Similarly, Platinum Reserve improved its rank from 13th in May to 8th in August, reflecting a positive growth trend. These dynamics highlight the competitive pressures and opportunities for Nanticoke to further enhance its market position in New York's Flower category.
Notable Products
In August 2024, Blue Dream (3.5g) emerged as the top-performing product for Nanticoke, climbing from the second position in July to first place with a notable sales figure of $5,112. Blue Dream Pre-Roll (0.5g) slipped from its consistent first-place ranking from June and July to second place in August, with sales of $4,313. The newly introduced Blue Dream Pre-Roll 5-Pack (2.5g) made a strong debut, securing the third rank. Jack Herer Pre-Roll 5-Pack (2.5g) and Pineapple Runtz Pre-Roll 5-Pack (2.5g) followed closely, ranking fourth and fifth respectively. This shift highlights Blue Dream's dominance across multiple product formats and indicates a growing consumer preference for pre-roll packs.
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.
