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Aug-2024
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Overview
Market Insights Snapshot
Skymint's performance in Michigan shows notable trends across various categories. In the Flower category, Skymint maintained a strong presence, consistently ranking within the top 20 and peaking at 17th place in both June and August 2024. This stability in ranking is a positive indicator of its market hold. On the other hand, the Concentrates category did not see Skymint in the top 30 rankings from June to August, which could be a concern for the brand's market penetration in this segment. The Pre-Roll category also showed a consistent performance with a slight improvement, maintaining a rank between 23rd and 28th, signaling a steady demand for Skymint's products in this category.
In the Edible category, Skymint's rankings fluctuated slightly but remained within the top 50, with a peak at 41st in May and a low at 45th in June. This indicates some volatility but also a consistent presence in the competitive edible market. The sales trend for Edibles saw a peak in July, suggesting a potential seasonal or promotional impact. Overall, while Skymint shows strong performance in the Flower and Pre-Roll categories, there is room for improvement in Concentrates and Edibles to enhance its market position in Michigan further.
Competitive Landscape
In the competitive landscape of the Michigan Flower category, Skymint has shown notable fluctuations in its rank over the past few months, moving from 24th in May 2024 to 17th in June, dropping slightly to 20th in July, and then recovering to 17th in August. This indicates a relatively stable yet competitive position. In contrast, OG Farms has demonstrated a steady climb, improving from 32nd in May to 18th in August, suggesting a significant upward trajectory in sales and market presence. LivWell experienced a peak in June and July, holding the 8th position, but saw a decline to 16th in August, which could indicate a temporary dip or market saturation. Meanwhile, Goodlyfe Farms maintained a strong presence, although it dropped from 12th in May to 15th in August. Carbon also showed a significant rise from 28th in May to 12th in June, though it settled at 19th by August. These dynamics highlight the competitive pressures Skymint faces, with several brands showing either consistent growth or temporary peaks, which could affect Skymint's market strategy and necessitate adjustments to maintain or improve its rank and sales.
Notable Products
In August 2024, the top-performing product from Skymint was Fatso Pre-Roll (1g), maintaining its number one rank from July with sales reaching 14,713 units. Flo Pre-Roll (1g) held steady in the second position with notable sales of 12,259 units. Wedding Cake Pre-Roll (1g) ranked third, showing a consistent performance from the previous month with sales of 10,968 units. Wonka Bars #13 Pre-Roll (1g) remained in the fourth position, continuing its steady climb in sales. Wedding Cake (3.5g) debuted in the rankings at fifth place, highlighting its growing popularity.
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.
