Market Insights Snapshot
In the Tincture & Sublingual category, the cannabis brand Nour has shown a noteworthy upward trajectory in Nevada over the span of four months. Starting at the 20th position in July 2023, Nour has steadily climbed the ranks to reach the 12th position by October 2023. This consistent rise in ranking indicates a growing preference for Nour amongst consumers in this category, and it's worth noting that this improvement in ranking is accompanied by a significant increase in sales.
However, it's important to remember that the absence of a ranking for a particular month signifies that the brand did not make it to the top 20 in that state and category. While Nour has shown impressive growth in Nevada's Tincture & Sublingual category, the brand's performance in other states and categories is yet to be determined. As a data blogger, I'm intrigued to see how Nour will perform in the upcoming months across different states and categories. Stay tuned for more insights and updates on this promising cannabis brand.
In the Tincture & Sublingual category in Nevada, Nour has shown a steady upward trend from July to October 2023, improving its rank from 20th to 12th. This indicates a consistent growth in its market presence, outperforming some of its competitors. For instance, The Real McCoy (NV) had a fluctuating performance, with a dip in August, and despite a recovery, it still fell behind Nour in October. Similarly, Levia started off stronger than Nour in July but ended up two ranks lower in October. On the other hand, Rove and City Trees maintained a higher rank throughout this period, but their positions remained relatively static. This comparative analysis suggests that Nour has been successful in expanding its market share in Nevada's Tincture & Sublingual category, surpassing some competitors and closing in on others.
In October 2023, Nour's top-performing product was the CBD Premium Oil Tincture (1500mg CBD), maintaining its first-place ranking from previous months with a significant sales figure of 90 units. The second most popular product was the CBD Zkittles Pre-Roll (1g), which saw a sales increase from September, moving up from its third-place rank. The Super Sour Space Candy Pre-Roll (1g) also experienced a sales boost, securing third place in the rankings. Notably, the CBD Banana Bread Pre-Roll (1g) and CBD Northern Lights Pre-Roll (1g) which were previously in the top 5, did not feature in the October rankings. This shift in consumer preference indicates a growing demand for tinctures and a specific set of pre-rolls.