Market Insights Snapshot
In the Concentrates category, Washington based cannabis brand Skagit Organics has maintained a consistent presence in the top 20 brands from August to November 2023. Although their ranking slipped slightly from 13th in August to 15th in October, they managed to recover one position in November, securing the 14th spot. This subtle downward trend in ranking indicates a fierce competitive landscape, however, Skagit Organics' ability to remain in the top 20 demonstrates their resilience and market acceptance.
Looking at the sales aspect, there was a noticeable decline from August's sales of approximately 155,000 to a lower point of around 134,000 in October. However, Skagit Organics managed to rebound slightly in November with sales climbing back up to approximately 143,000. This fluctuation in sales figures, while not drastic, does suggest some variability in consumer demand for Skagit Organics' Concentrates. It would be interesting to delve deeper into the factors influencing these shifts, but that's a topic for another time.
In the Concentrates category within the Washington state market, Skagit Organics has demonstrated a relatively stable performance in terms of rank, fluctuating between 13th and 15th place from August to November 2023. However, it's noteworthy that Skagit Organics has consistently ranked lower than its competitors, such as Dabstract, Full Spec, and Crystal Clear. Despite a slight dip in October, Skagit Organics managed to increase its sales in November, surpassing Green Envy in terms of sales. This suggests that while Skagit Organics may not be leading the pack, it's maintaining a steady presence in the market, with potential for growth in the future.
In November 2023, the top-performing product from Skagit Organics was the 'Hindu Kush RSO Syringe (1g)', retaining its top position from October with a notable sales figure of 997 units. Following closely behind was the 'Original Huckleberry RSO Tanker (1g)', which moved up from the fourth spot in September to the second in November. The 'Lemon OG RSO Tanker (1g)' also showed significant improvement, jumping from fifth in October to third in November. The '9lb Hammer RSO (1g)', despite a decrease in ranking from first in September to fourth in November, still demonstrated strong sales. The 'Omega RSO (1g)' made its entry into the top five in November, indicating a growing preference for this product.