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Aug-2024
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Overview
Market Insights Snapshot
Nordic Goddess has shown consistent performance in the Topical category across various states, with notable differences in rankings and sales trends. In Colorado, the brand maintained a steady 4th place ranking from May to August 2024, demonstrating a strong foothold in the market. Sales in Colorado saw a significant upward trend, increasing from $64,297 in May to $137,556 in August. On the other hand, in Massachusetts, Nordic Goddess experienced a decline in rankings, dropping from 2nd place in May and June to 6th place by August. This decline is mirrored by a decrease in sales, from $40,223 in May to $26,767 in August, indicating potential challenges in maintaining market share in this state.
In contrast, Nevada has been a stronghold for Nordic Goddess, where the brand consistently held the top spot in the Topical category from May to August 2024. Despite a slight fluctuation in sales, which peaked at $95,925 in June and dipped to $81,441 in July, the brand's dominant position remained unchallenged. This stability in Nevada highlights the brand's strong market presence and consumer loyalty in the state. However, the absence of Nordic Goddess in the top 30 rankings of other states or categories suggests areas where the brand could potentially expand or improve its market penetration.
Competitive Landscape
In the competitive landscape of the Colorado Topical cannabis market, Nordic Goddess has consistently maintained a stable rank of 4th place from May to August 2024. This steadiness in ranking highlights a solid market presence, but it also underscores the challenge of climbing higher amidst strong competitors. Mary's Medicinals and Mary Jane's Medicinals have been the frontrunners, with both brands frequently swapping the top two positions. Notably, Mary Jane's Medicinals saw a significant sales surge in August 2024, which could indicate a growing preference for their products. Meanwhile, Care Division and My Brother's Flower have shown more volatility, with Care Division improving its rank to 5th place in August. This dynamic environment suggests that while Nordic Goddess is performing well, there is potential for both opportunities and threats as competitors continue to vie for market share. For a deeper dive into these trends and actionable insights, consider exploring more advanced data offerings.
Notable Products
In August 2024, the top-performing product from Nordic Goddess was the CBD/THC 1:1 Cooling Therapeutic Body Balm (250mg CBD, 250mg THC, 2oz), maintaining its consistent first-place ranking with sales of 2255 units. The CBG:CBD:THC Vibe 10X Body Balm (2500mg CBG, 2500mg CBD, 2500mg THC, 2oz) also held steady in second place, showing a slight increase in sales compared to previous months. The THC Cooling Balm (500mg) remained in third place, although its sales dropped to 324 units from the previous month. The CBD/THC 1:1 Therapeutic Body Balm (500mg CBD, 500mg THC) ranked fourth, a position it also held in June, but with lower sales. The CBD/THC 1:1 Body Balm Salve Stick (275mg CBD, 275mg THC) entered the top five for the first time, ranking fifth with 173 units sold.
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.
