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Aug-2024
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Overview
Market Insights Snapshot
Remedi has shown a consistent performance across several categories in Illinois. In the Capsules category, the brand maintained a steady 6th place ranking from May to August 2024. This consistency suggests a stable customer base and reliable product quality. However, there was a noticeable decline in sales, dropping from 16,237 in May to 10,624 in August. In the Concentrates category, Remedi demonstrated significant upward movement, climbing from the 20th position in May to the 10th position by August. This positive trend indicates growing popularity and acceptance of their concentrate products in the Illinois market.
In Massachusetts, Remedi's performance in the Concentrates category has been more volatile. The brand was not in the top 30 in May, but improved to rank 21st in June, 17th in July, and slightly dipped to 18th in August. Despite the fluctuations in ranking, the overall trend shows a positive trajectory, with sales increasing from 28,953 in May to 50,952 in August. This growth suggests that Remedi is gaining traction in the Massachusetts market, although there is room for improvement to achieve a more stable ranking.
Competitive Landscape
In the Illinois concentrates market, Remedi has shown a notable upward trend in rank and sales over the past few months. Starting from a rank of 20 in May 2024, Remedi was not in the top 20 in June but made a significant comeback by climbing to rank 14 in July and further advancing to rank 10 in August. This upward trajectory indicates a strong market presence and growing consumer preference. In comparison, Nature's Grace and Wellness has maintained a relatively stable position within the top 10, although their sales have seen a slight decline. Meanwhile, Cresco Labs has experienced fluctuations, dropping from rank 7 in June to rank 9 in August. Shelby County Community Services and Grassroots have shown consistent but lower rankings compared to Remedi. The data suggests that Remedi's strategic initiatives are paying off, positioning them as a rising competitor in the Illinois concentrates market.
Notable Products
In August 2024, the top-performing product from Remedi was Indica Rest RSO Dropper (0.5g) in the Concentrates category, maintaining its first-place ranking for four consecutive months with a notable sales figure of 5008. Indica Relief RSO Syringe (0.5g) also held steady in the second position throughout the same period. Indica Rest RSO Syringe (0.5g) remained consistent at third place, showing a steady increase in sales. Hybrid Relief RSO Syringe (0.5g) re-entered the rankings at fourth place in August after being absent in June and July. CBD/THC 1:5 Rest Tincture (20mg CBD, 100mg THC, 30ml) in the Tincture & Sublingual category consistently held the fifth spot since June 2024.
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.
