.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Rkive Cannabis has shown a varied performance across different categories and states, with notable trends in Michigan. In the Concentrates category, Rkive Cannabis has seen a slight decline in rankings from March to June 2024, moving from 5th to 8th place. Despite this downward trend, the brand has maintained a presence within the top 10, indicating a strong foothold in this category. However, in the Flower category, Rkive Cannabis has experienced significant fluctuations, ranking as low as 81st in April but rebounding to 41st in May before dropping again to 61st in June. This inconsistency suggests potential challenges in maintaining a stable market position within the Flower segment.
In the Vapor Pens category, Rkive Cannabis has maintained a relatively stable ranking, hovering around the 30th position. The brand was ranked 32nd in March, 29th in April, 31st in May, and 30th in June. This stability, although not within the top 20, indicates a consistent performance in a competitive segment. It's worth noting that Rkive Cannabis did not make it into the top 30 brands in the Flower category for March and April, which could be seen as a drawback. However, the brand's ability to re-enter the top 30 in May demonstrates resilience and potential for growth. Overall, while Rkive Cannabis faces challenges in some categories, its performance in Concentrates and Vapor Pens suggests areas of strength and opportunity for further market penetration.
Competitive Landscape
In the competitive landscape of the Michigan flower category, Rkive Cannabis has experienced notable fluctuations in rank and sales over recent months. Despite a strong performance in May 2024, where it achieved a rank of 41, Rkive Cannabis saw a decline to 61 by June 2024. This volatility contrasts with the more consistent performance of competitors such as Garcia Hand Picked, which, despite not being in the top 20, showed a significant sales increase in May 2024. Similarly, Harbor Farmz demonstrated a steady climb in rank, peaking at 53 in April 2024. Meanwhile, Cheech & Chong's brand has shown a consistent upward trend, moving from rank 92 in March 2024 to 56 in June 2024. The entry of Muha Meds into the top 20 in June 2024 further intensifies competition. These dynamics suggest that while Rkive Cannabis has potential, it faces stiff competition and must strategize to stabilize its rank and capitalize on market opportunities.
Notable Products
In June 2024, the top-performing product for Rkive Cannabis was RS11 (3.5g) in the Flower category, maintaining its number one rank from the previous month with notable sales of $5,915. Permanent Marker (3.5g), also in the Flower category, climbed to the second position from fourth place in May. Randy Watzon (3.5g) held steady at the third spot across three consecutive months. Black Maple (3.5g) saw a decline, dropping to fourth place from its consistent second position in prior months. Super Boof Hash Rosin Disposable Pod (0.5g) in the Vapor Pens category emerged in June, ranking fourth in its category.
Top Selling Cannabis Brands
