.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Rise (MI) has demonstrated notable performance in the Michigan market, particularly in the Capsules category. The brand maintained a strong presence, holding the second position in March and April 2024, climbing to the top spot in May, but slightly dropping back to second in June. This consistent high ranking indicates a solid consumer base and effective market penetration. In the Tincture & Sublingual category, Rise (MI) achieved a similar trajectory, consistently ranking second before taking the lead in June 2024. This upward movement suggests a growing preference among consumers for their products in this category, reflecting successful product offerings and marketing strategies.
However, the performance of Rise (MI) in the Concentrates category has been less impressive. The brand was not in the top 30 in March 2024 and managed to climb to 33rd in April, but fell back to 37th in May and June. This indicates a struggle to gain significant traction in this segment. In the Topical category, Rise (MI) showed a more stable performance, improving from 8th position in March to 5th in April and maintaining this rank through June. While not leading, the brand's steady position in the top 10 suggests a reliable demand for their topical products. Overall, Rise (MI) has shown strengths in certain categories while facing challenges in others, highlighting areas for potential growth and improvement.
Competitive Landscape
In the Michigan concentrates market, Rise (MI) has shown a relatively stable performance over the past few months, maintaining a rank within the top 50 brands. Despite a slight dip from 33rd in April 2024 to 37th in May and June 2024, Rise (MI) has managed to keep its sales figures relatively consistent, indicating a loyal customer base. In comparison, Shatter House Extracts has demonstrated a more volatile but upward trend, climbing from 65th in March 2024 to 39th in June 2024, which suggests a growing market presence. Meanwhile, Monster Xtracts has experienced fluctuations, dropping to 49th in May 2024 before recovering to 40th in June 2024. Notably, Mac Oils and Mac Pharms have seen significant declines in their rankings, with Mac Oils falling from 14th in March 2024 to 33rd in June 2024, and Mac Pharms dropping from 11th in March 2024 to 30th in June 2024. These shifts highlight the competitive nature of the market and suggest that while Rise (MI) has maintained a steady course, there are opportunities to capitalize on the fluctuations of its competitors to improve its market position.
Notable Products
In June 2024, the top-performing product for Rise (MI) was THC Tincture (200mg) in the Tincture & Sublingual category, maintaining its position from April and reclaiming the top spot from May with sales of 1137 units. The CBN:CBD THC 1:1:1 PM Evening Tincture (200mg CBN, 200mg CBD, 200mg THC, 30ml) dropped to the second position after leading in May. Hybrid RSO Dart (1g) in the Concentrates category held steady at third place, showing consistent performance. The CBD/THC/THCa 1:2:1 Advanced Strength Cream (750mg CBD, 1500mgTHC, 750mgTHCa) improved its ranking to fourth place from fifth in May. RSO (1g) entered the top five for the first time, securing the fifth position in June.
Top Selling Cannabis Brands
