Market Insights Snapshot
Prime Cannabis, a notable brand in the cannabis industry, has shown significant performance in Nevada. In the Flower category, the brand has made an impressive leap from not being in the top 20 in September and October to ranking 75 in November and further improving to rank 31 in December 2023. This upward trend indicates a strong market presence and a growing consumer base for Prime Cannabis in this category. The absence of ranking in the earlier months of September and October could either mean a late entry into the market or a slower start, but the brand has definitely picked up pace in the subsequent months.
When it comes to the Pre-Roll category, Prime Cannabis has consistently ranked in the top 20 in Nevada from September to December 2023. The brand started at rank 52 in September and has steadily climbed the ranks to reach the 17th position by December. This consistent performance in the Pre-Roll category coupled with the increasing sales numbers, which peaked in December, suggests a positive acceptance and preference for the brand among consumers. The continued presence in the top 20 and the consistent upward movement in ranks is a positive sign of the brand's market performance and growth potential.
In the Nevada flower market, Prime Cannabis has shown a significant rise in rank from not being in the top 20 in September and October to 75th in November and then a dramatic leap to 31st in December. This suggests a strong upward trend in sales, though exact figures are not available for September and October. In comparison, The Grower Circle has seen a decline in rank from 12th to 37th over the same period, indicating a decrease in sales. Cookies and LP Exotics have remained relatively stable, with Cookies fluctuating around the 30s and LP Exotics around the high 20s to low 30s. Good Green has seen a positive trend, improving from 46th to 30th. These shifts in the competitive landscape could have various implications for Prime Cannabis's future performance in the Nevada flower market.
In December 2023, the top-performing product from Prime Cannabis was the 'Purple Goats Pre-Roll (1g)' with a total of 7883 units sold. Following closely behind was the 'Green Crack Pre-Roll (1g)' at the second position with 6844 units sold. The 'Purple Goats (3.5g)' flower, which consistently held the third position since September, continued its trend in December as well. 'Wedding Crasher Pre-Roll (1g)' and 'Gelato Glue Pre-Roll (1g)' rounded out the top five products for the month. It's noteworthy that the top two products were not in the top three in the previous months, indicating a shift in consumer preference towards pre-rolls.