Aug-2024
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Overview
Market Insights Snapshot
Oregon Roots has shown varied performance across different product categories and states over the past few months. In Oregon, their presence in the Concentrates category has been notably absent from the top 30 rankings from May through August 2024, indicating a potential area for improvement. Conversely, their performance in the Flower category has been strong, with a notable climb from the 18th position in May to the 8th position in July, before slightly slipping to 9th in August. This upward trend in the Flower category suggests a growing consumer preference and market penetration for Oregon Roots in this segment. The Pre-Roll category, however, has seen more fluctuation, with rankings oscillating between the 47th and 70th positions, highlighting inconsistent performance and potential volatility in consumer demand.
Analyzing the sales data, Oregon Roots' Flower category saw a significant sales boost from $324,344 in May to $546,766 in July, before experiencing a slight decline to $469,764 in August. This indicates a strong seasonal demand or effective marketing strategies during the summer months. The Pre-Roll category, despite its fluctuating rankings, experienced a substantial increase in sales from $34,647 in May to $73,822 in August, suggesting a growing market interest or successful promotional efforts. The absence of rankings in the Concentrates category is a concern, indicating that Oregon Roots might need to reevaluate their strategy or product offerings in this category to capture more market share. Overall, while there are areas for growth, Oregon Roots has demonstrated resilience and potential for continued success in key categories within the Oregon market.
Competitive Landscape
In the competitive landscape of Oregon's flower category, Oregon Roots has shown a notable upward trajectory in rankings over the past few months. Starting from a rank of 18 in May 2024, Oregon Roots climbed to 16 in June, reached a peak at 8 in July, and slightly dipped to 9 in August. This improvement in rank is indicative of a strong performance, particularly when compared to competitors like Emerald Fields Cannabis, which saw a decline from rank 4 in May to 10 in August, and Earl Baker, which fell out of the top 20 in July before rebounding to 11 in August. Meanwhile, Focus North and Garden First have also shown strong performances, with Focus North consistently ranking in the top 15 and Garden First making a significant leap from 28 in May to 8 in August. These dynamics suggest that while Oregon Roots is gaining ground, the competition remains fierce, and maintaining or improving its position will require continued strategic efforts.
Notable Products
In August 2024, the top-performing product for Oregon Roots was Blue Magoo (1g) in the Flower category, maintaining its number one rank from previous months with impressive sales of $5000. The Tomahawk Pre-Roll (1g) emerged as the second top seller, despite not being ranked in prior months. Forum Girl Scout Cookies (Bulk), also in the Flower category, secured the third position with notable sales figures. Mobama Pre-Roll (1g) came in fourth, showing a strong entry into the rankings. Cherry OG Pre-Roll (0.5g) dropped to fifth place from its third-place rank in July 2024, indicating a slight decline in its performance.
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.