Trend
Neutral
Oct-2023 Sales
$500K+
Product Count
86
Updated
11/2/2023
Markets

Next1 Labs LLC

Renowned for their sun-grown cannabis, Next1 Labs LLC is a Colorado-based brand that set its foundation in 2020. Best known for their product "Live Budder," they primarily cater to the medical and adult recreational cannabis market, boasting potent products with THC levels often exceeding 80%. Next1 stands apart as a craft cannabis brand offering a variety of exclusive strains, emphasizing quality control, and tailoring their offerings to both new and experienced cannabis consumers.
Next1 Labs LLC Historical Sales by Category

Market Insights Snapshot

In the Colorado market, Next1 Labs LLC has shown a consistent performance in the Concentrates category. They maintained a top 5 position from July to October 2023, fluctuating between the 2nd and 4th ranks. However, there has been a slight downward trend in sales over these months, with a notable dip in September and October. This could signify a potential area of concern for the brand.

Next1 Labs LLC also competes in the Pre-Roll and Vapor Pens categories in Colorado. While they consistently held a spot in the top 10 for Pre-Rolls, their rank in Vapor Pens has been outside the top 20, indicating a weaker presence in this category. Interestingly, despite the lower ranking, Vapor Pens saw a significant increase in sales from July to August 2023. This could suggest an emerging opportunity for Next1 Labs LLC to strengthen their foothold in the Vapor Pens market.

Oct-2023 Rank
Concentrates
Pre-Roll
Vapor Pens
3
9
46

Competitive Landscape

In the Colorado concentrates market, Next1 Labs LLC has been performing well, but faces stiff competition from other brands. Green Dot Labs was the top performer in July and August 2023, but saw a significant drop in rank and sales by October. This allowed Amber to take the lead in October, with a consistent upward trend in both rank and sales. Spectra also showed a positive trend, moving up in rank and increasing sales. Bud Fox Supply Co although lower in rank, showed a significant improvement in October. For Next1 Labs LLC, there was a slight decline in rank and sales in September, but the brand managed to recover in October, maintaining a strong position in the top 5.

Next1 Labs LLC market ranking for CO Concentrates

Notable Products

In October 2023, the top-performing product from Next1 Labs LLC was the Member Berry Pre-Roll (1g), selling 8902 units. It ascended from the 5th position in August to the top spot. The second highest-selling product was the Lava Cake Pre-Roll (1g), making its first appearance in the rankings. The MAC Wax (1g) took the third spot, while the Dosi D'oh Pre-Roll (1g) dropped from second in September to fourth. Rounding out the top five was the Grease Monkey Wax (1g).

Product Rank
Category
Jul-2023
Aug-2023
Sep-2023
Oct-2023
Member Berry Pre-Roll (1g)
Pre-Roll
>5
5
>5
1
Lava Cake Pre-Roll (1g)
Pre-Roll
>5
>5
>5
2
MAC Wax (1g)
Concentrates
>5
>5
>5
3
Dosi D'oh Pre-Roll (1g)
Pre-Roll
>5
>5
2
4
Grease Monkey Wax (1g)
Concentrates
>5
>5
>5
5
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