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Aug-2024
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Overview
Market Insights Snapshot
Skagit Organics has shown notable performance in the Concentrates category within Washington. Over the four-month period from May to August 2024, the brand has demonstrated a consistent upward trajectory in its rankings. Starting at 13th place in May, Skagit Organics improved to 12th in June, and by July and August, they had secured the 7th position. This consistent climb indicates a strengthening market presence and growing consumer preference for their products. The brand's sales figures also reflect this positive trend, with a steady increase from $131,825 in May to $154,947 by August, suggesting effective market strategies and product quality.
In contrast, Skagit Organics did not feature in the top 30 brands in any other state or category for the given months, which could be seen as a limitation in their market reach and diversification. This absence highlights areas for potential growth and expansion beyond their stronghold in Washington. For stakeholders and potential investors, this information is crucial for understanding both the brand's current strengths and the opportunities for future development. Further analysis of how Skagit Organics can leverage its success in Washington to enter other markets could provide deeper insights into its overall growth strategy.
Competitive Landscape
In the Washington state concentrates category, Skagit Organics has shown a notable upward trend in rank and sales over the past few months. Starting from a rank of 13 in May 2024, Skagit Organics improved to 12 in June, and then made a significant leap to rank 7 in both July and August. This positive trend is reflected in their sales, which increased steadily from $131,825 in May to $154,947 in August. In comparison, Oleum Extracts (Oleum Labs) experienced a decline, dropping from rank 3 in May to rank 6 by August, with corresponding sales decreasing from $308,907 to $187,814. Similarly, Snickle Fritz maintained a consistent rank of 8 but saw a decline in sales from $193,101 in May to $139,749 in August. Meanwhile, Hitz Cannabis showed improvement, moving from rank 18 in May to rank 9 in August, with sales increasing from $101,374 to $138,560. Regulator remained relatively stable in rank but saw a decrease in sales from $303,667 in May to $198,162 in August. These shifts highlight Skagit Organics' growing market presence and potential for continued growth in the Washington concentrates market.
Notable Products
In August 2024, Blackberry Kush RSO (1g) maintained its top position among Skagit Organics products, achieving the highest sales figure of $1026. Original- Grand Daddy Purple RSO (1g) climbed back to the second position with notable sales of $888. 9lb Hammer RSO (1g) dropped to the third position, showing a slight decline from July. Super Silver Haze RSO Syringe (1g) entered the rankings for the first time at fourth place. CBG Jack Frost RSO Syringe (1g) slipped to fifth place, indicating a decrease in sales compared to previous months.
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.
