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Oct-2024
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Overview
Market Insights Snapshot
NLVO / North Las Vegas Organics has shown varied performance across different product categories in Nevada. In the Concentrates category, the brand made a noticeable entry into the top 30 rankings in August 2024, securing the 23rd position. This positive momentum continued into September 2024 with an improvement to the 21st rank, although there was a slight drop to 25th in October 2024. Despite the fluctuation, maintaining a position within the top 30 indicates a consistent presence in the market. However, in the Vapor Pens category, NLVO did not manage to break into the top 30 rankings after July 2024, suggesting potential challenges in this segment.
The sales figures for NLVO in the Concentrates category demonstrate a dynamic market presence, with a peak in August 2024 before a reduction in September. Such shifts could be indicative of seasonal demand changes or competitive pressures within the marketplace. Interestingly, the absence of rankings in the Vapor Pens category post-July 2024 could highlight areas for strategic improvement or re-evaluation of market strategies. While the brand's performance in Concentrates shows promise, the lack of presence in other categories might reflect a need for diversification or enhanced marketing efforts to strengthen its foothold across various segments in Nevada.
Competitive Landscape
In the Nevada concentrates market, NLVO / North Las Vegas Organics has experienced fluctuating rankings over the past few months, indicating a competitive landscape. In July 2024, NLVO was not in the top 20, but by August, it climbed to 23rd place, further improving to 21st in September before dropping to 25th in October. This volatility suggests a dynamic market environment where brands like Baseline and Spiked Flamingo also face challenges. For instance, Baseline saw a drop from 16th to 22nd place between July and October, while Spiked Flamingo experienced a significant fall from 10th in July to 27th in October. Despite these shifts, Spiked Flamingo's sales remained relatively strong, indicating potential resilience. Meanwhile, LP Exotics entered the top 25 in September and maintained its position in October, highlighting emerging competition. These dynamics underscore the importance for NLVO to strategize effectively to maintain and improve its market position amidst such competitive pressures.
Notable Products
In October 2024, the top-performing product for NLVO / North Las Vegas Organics was Chemical Cookies Live Rosin (1g) in the Concentrates category, maintaining its number 1 rank from September with sales reaching 273 units. Strawberry Strip Infused Pre-Roll (1g) debuted strongly at the second position with notable sales figures. Garlic & Bananas Live Rosin (1g) improved its rank from fourth to third, reflecting a positive sales trajectory. Froyo Live Resin Badder (1g) entered the rankings at fourth place, while Sin City Runtz Infused Pre-Roll (1g) slipped from third to fifth, indicating a significant drop in sales. Overall, the Concentrates category dominated the top ranks, showing a strong consumer preference for these products in October.
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.
