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Aug-2024
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Overview
Market Insights Snapshot
NFuzed has shown a notable upward trend in the California edibles market over the summer months of 2024. Starting at a rank of 60 in May, they improved their position steadily, reaching rank 40 by August. This consistent climb indicates a growing acceptance and popularity of their products among consumers in California. Despite the competitive nature of the market, NFuzed's sales figures also reflect a positive trend, with a significant increase from $31,648 in May to $64,461 in August. This upward trajectory suggests that NFuzed is effectively capturing market share and resonating well with the preferences of California consumers.
In contrast, NFuzed's performance in the Colorado edibles market has shown a decline over the same period. The brand started at rank 13 in May but gradually fell to rank 21 by August. This drop in ranking is accompanied by a decrease in sales, from $161,441 in May to $79,991 in August. The decline in both ranking and sales indicates that NFuzed may be facing increased competition or challenges in maintaining its market position in Colorado. This downward trend is a crucial point of concern and may require strategic adjustments to regain their standing in the Colorado market.
Competitive Landscape
In the competitive landscape of Colorado's edible cannabis market, NFuzed has experienced notable fluctuations in rank and sales over the past few months. Starting from a strong position at rank 13 in May 2024, NFuzed saw a decline to rank 21 by August 2024. This downward trend in rank is mirrored by a significant drop in sales from $161,441 in May to $79,991 in August. In contrast, competitors like Binske and Muncheez have shown more stability and even some recovery in sales, with Binske maintaining a consistent rank around 20 and Muncheez bouncing back to rank 19 in August. Meanwhile, DOSD Edibles has also seen a decline, dropping from rank 15 in May to rank 22 in August, indicating a broader competitive pressure in the market. These dynamics suggest that while NFuzed remains a significant player, it faces intense competition and must strategize to regain its higher market position.
Notable Products
In August 2024, the top-performing product from NFuzed was the Sour Classic Variety Fast Acting Gummies 10-Pack (100mg), maintaining its first-place ranking for the fourth consecutive month with sales of $5,173. The Sour Blueberry Bubba Kush Rosin Gummies 10-Pack (100mg) held steady in the second position, consistent with its ranking from June and July. The Sour Lemon Lifter Rosin Gummies 10-Pack (100mg) also remained in third place, showing stable performance over the past three months. The CBD/CBN/THC 1:2:4 Sleep Fast Acting Sour Gummies 10-Pack (25mg CBD, 50mg CBN, 100mg THC) re-entered the rankings in fourth place after being unranked in July. Finally, the CBD/THC 1:1 Sour Classic Variety Fast Acting Gummies (100mg CBD, 100mg THC) returned to the list in fifth place after being unranked for two 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.
