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Jun-2024
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Overview
Market Insights Snapshot
Senior Moments has shown a notable decline in performance within the Edible category in New York over the past few months. In March 2024, the brand held the 18th rank, but by June 2024, it had fallen out of the top 30 entirely, indicating a significant drop in market presence. This downward trend is further reflected in their sales figures, which have decreased consistently from $54,621 in March to $20,847 in June. The steady decline in both ranking and sales suggests that Senior Moments may be facing stiff competition or other market challenges in the New York Edible segment.
While the data provided does not cover other states or categories, the information from New York highlights a critical area of concern for Senior Moments. Falling out of the top 30 brands in such a competitive market signals potential issues that could impact their overall market strategy. Observing these trends can provide valuable insights into the brand's performance and areas needing improvement. For a comprehensive analysis across more states and categories, further data would be necessary to understand the complete picture of Senior Moments' market dynamics.
Competitive Landscape
In the competitive landscape of the New York edible cannabis market, Senior Moments has experienced notable fluctuations in rank and sales over recent months. Starting from a rank of 18 in March 2024, Senior Moments has seen a decline, dropping to 33 by June 2024. This downward trend is significant when compared to competitors such as OHHO, which has also seen a decline but remains consistently ahead, ranking 30 in June 2024. Similarly, Nanticoke has shown a more stable performance, improving its rank from 30 in March to 28 in June 2024. Meanwhile, Bison Botanics and Ithaca Organics Cannabis Co. have maintained lower ranks, with Bison Botanics ranking 36 and Ithaca Organics Cannabis Co. at 37 in June 2024. These trends suggest that while Senior Moments faces challenges in maintaining its market position, it remains a significant player in the New York edible cannabis market, albeit with a need for strategic adjustments to regain its competitive edge.
Notable Products
In June 2024, the top-performing product for Senior Moments was the Lemon Ginger Sleep Wellness Gummies 20-Pack, maintaining its first-place ranking from previous months with sales of 293 units. The CBD/THC 1:1 Florida Citrus Time Machine Gummies 20-Pack held steady in second place, followed by the CBD/THC 1:1 Cinna-Mints Relief Mint 20-Pack in third place. Winter Green Mingle Mints 20-Pack continued to rank fourth. Notably, the CBD/THC Soother Relief Tincture re-entered the rankings in fifth place, having been unranked in May. Overall, the top four products have shown consistent rankings, though there has been a general decline in sales figures across the board.
Top Selling Cannabis Brands
