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Aug-2024
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Overview
Market Insights Snapshot
In Nevada, Remedy has shown varied performance across different product categories. In the Concentrates category, Remedy was ranked 16th in May 2024, but did not appear in the top 30 in subsequent months, indicating a significant drop in its market position. Conversely, the Flower category saw a more stable performance, with Remedy maintaining a presence just outside the top 50, peaking at 46th in both May and August 2024. This suggests that while the brand has struggled to maintain its ranking in Concentrates, its Flower products have shown resilience in a competitive market.
The Pre-Roll category for Remedy in Nevada also exhibited a downward trend, starting at 38th in May 2024 and slipping down to 63rd by August 2024. This decline could be indicative of either increased competition or a shift in consumer preferences. Interestingly, Remedy made a notable entrance in the Vapor Pens category, ranking 53rd in August 2024, a sign that there might be potential for growth in this segment. Overall, Remedy's performance across categories in Nevada highlights areas of both concern and opportunity, with some categories showing promise for future improvement.
Competitive Landscape
In the competitive landscape of the Flower category in Nevada, Remedy has experienced notable fluctuations in its rank and sales over the past few months. Remedy's rank saw a dip from 46th in May 2024 to 56th in July 2024, before rebounding to 46th in August 2024. This volatility contrasts with the more stable performance of competitors like Pheno Exotic, which maintained a top 50 position consistently, peaking at 37th in July 2024. Meanwhile, Srene showed a downward trend, dropping from 31st in May 2024 to 41st in August 2024. Interestingly, TRYKE made a significant leap from 76th in June 2024 to 49th in August 2024, indicating a potential threat to Remedy's market share. Additionally, Khalifa Kush entered the top 50 in August 2024, debuting at 44th, which could further intensify competition. These dynamics suggest that while Remedy has managed to regain its position, the brand must strategize effectively to maintain and improve its standing amidst aggressive competitors.
Notable Products
In August 2024, Las Vegas Kush Cake (3.5g) from Remedy emerged as the top-performing product, climbing from the second position in July to first place with sales of 1797 units. Chem D (3.5g) maintained a strong presence, ranking second, though it dropped from the first position it held in May and July. The Cereal Milk Distillate Cartridge (0.5g) entered the rankings for the first time, securing the third position. Bio-Jesus (3.5g) saw a slight improvement, moving up to fourth place from its fifth position in July. Wedding Cake Pre-Roll (1g) also made its debut in the rankings, coming in at fifth place.
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.
