NectarBee

NectarBee is a distinguished brand within the cannabis industry specializing in premium infused edibles, crafted by The Green Solution, with a portfolio comprising of truffles, gummies, chocolates, and much more. Endowed with award-winning Extractionz technology, these advanced products offer a broadened array of cannabis forms such as concentrates, edibles, beverages, and topicals. It's notable that NectarBee's infused creations seamlessly merge quality and tradition, upholding strict compliance to state cannabis laws, while redefining marijuana usage through sublingual absorption methods.
Trend
Neutral
Jan-2024 Sales
$50K+
Product Count
6
Updated
February 7, 2024
Markets
NectarBee Historical Sales by Category

Market Insights Snapshot

In Colorado, NectarBee has shown a diverse performance across multiple cannabis product categories, with notable movements in rankings over the recent months. In the concentrates category, their rank improved from 59 in October 2023 to 49 by January 2024, indicating a positive trend and increasing market share, despite not breaking into the top 20. This upward trajectory is mirrored in their sales figures, which rebounded from a dip in November 2023. However, in the edibles category, NectarBee experienced a decline, dropping out of the rankings after November 2023, a signal that may concern stakeholders. This contrast in performance highlights the brand's fluctuating presence in different segments of the Colorado market.

On the other hand, NectarBee has maintained a consistent and strong position in the pre-roll and topical categories within Colorado. Remarkably, their topical products have remained within the top 10, securing the 8th position from November 2023 through January 2024. This consistency is not only a testament to the brand's dominance in this category but also aligns with increasing sales figures, peaking in January 2024. The pre-roll category shows a stable performance as well, with rankings hovering around the mid-40s and a slight dip in sales in January 2024. These insights into NectarBee's performance across different categories provide a nuanced understanding of its market dynamics in Colorado, reflecting both challenges and areas of strong market hold.

Jan-2024 Rank
Concentrates
Edible
Pre-Roll
Topical
49
46
8

Competitive Landscape

In the competitive landscape of the topical cannabis market in Colorado, NectarBee has shown a notable performance. Throughout the observed period from October 2023 to January 2024, NectarBee consistently improved its rank, moving from 10th to 8th place, indicating a solid upward trajectory in a competitive field. This is especially significant considering the performance of its competitors. For instance, ioVia maintained a steady rank above NectarBee, holding 7th place throughout, and showing a substantial lead in sales. Similarly, My Brother's Flower secured the 6th rank consistently, outpacing NectarBee with a higher sales volume. On the other hand, NectarBee managed to stay ahead of Aliviar and Betty, which fluctuated in ranks below NectarBee, indicating a competitive edge for NectarBee in maintaining its market position. This analysis suggests that while NectarBee is not leading the market, its steady rank improvement and sales growth amidst stiff competition highlight its resilience and potential for further growth in Colorado's topical cannabis market.

NectarBee market ranking for CO Topical

Notable Products

In January 2024, NectarBee's top-selling product was Pure Caviar (1g) from the Concentrates category, achieving sales of 925 units and rising from its December rank of 2 to the top position. Following closely, the Sugar Cone Infused Pre-Roll (1.4g) in the Pre-Roll category, which had consistently held the number 1 rank in the previous three months, dropped to the second position. The third and fourth spots were taken by products from the Topical category, namely CBD/THC 1:1 Heal Line Muscle Balm and CBD/THC 1:5 Heal Line Nerve Salve, showing a stable interest in NectarBee's topical solutions. The Caviar Cone - Hybrid Infused Pre-Roll (1g), also from the Pre-Roll category, secured the fifth rank, indicating a sustained preference for pre-rolled products among consumers. These rankings reflect a shift in consumer preferences, with Concentrates gaining prominence and Pre-Rolls slightly declining in popularity compared to the previous months.

Product Rank
Category
Oct-2023
Nov-2023
Dec-2023
Jan-2024
Pure Caviar (1g)
Concentrates
2
3
2
1
Sugar Cone Infused Pre-Roll (1.4g)
Pre-Roll
1
1
1
2
CBD/THC 1:1 Heal Line Muscle Balm (100mg CBD, 100mg THC)
Topical
4
4
3
3
CBD/THC 1:5 Heal Line Nerve Salve (50mg CBD, 250mg THC, 1.78oz)
Topical
5
2
4
4
Caviar Cone - Hybrid Infused Pre-Roll (1g)
Pre-Roll
3
5
5
5
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