.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Space Gem has demonstrated notable performance in the Edible category within California. Over the past four months, the brand has consistently maintained a position within the top 30, beginning at rank 21 in both March and April, and improving to rank 19 in May and June. This upward trend in ranking is indicative of Space Gem's growing popularity and market penetration in the Edible category. Additionally, the steady increase in sales figures from $291,450 in March to $312,711 in June suggests a positive reception from consumers and effective market strategies.
However, Space Gem's presence in other states and categories appears to be limited, as it does not rank within the top 30 brands outside of the Edible category in California. This could be seen as a missed opportunity or a strategic focus on a specific market segment. The brand's consistent performance in California's Edible category is commendable, but expanding its reach to other states and product categories could provide additional growth avenues. As it stands, Space Gem's concentrated efforts in a single category and state might be a double-edged sword, offering both stability and limitations.
Competitive Landscape
In the competitive landscape of the California edible cannabis market, Space Gem has shown a consistent upward trajectory in terms of rank and sales over the past few months. Starting from a rank of 21 in March 2024, Space Gem improved to 19 by May and maintained this position in June 2024. This steady climb is indicative of growing consumer preference and effective marketing strategies. In comparison, Dixie Elixirs also showed improvement, moving from rank 24 in March to 21 in June, but still trails behind Space Gem. ABX / AbsoluteXtracts maintained a stable rank of 17, indicating strong market presence but no significant growth. Meanwhile, Dr. Norm's experienced a decline, dropping from rank 15 in March to 18 by June, which could signal potential challenges in retaining market share. Terra also fluctuated, starting at rank 19 in March, dropping to 21 in May, and slightly recovering to 20 in June. These insights suggest that while Space Gem is on an upward trend, it faces stiff competition from established brands, and continuous innovation and customer engagement will be crucial for maintaining and improving its market position.
Notable Products
In June 2024, the top-performing product for Space Gem was Sour SpaceDrops Gummies 10-Pack (100mg), maintaining its leading position from previous months with a sales figure of 6514. Sweet SpaceDrops Gummies 10-Pack (100mg) remained in second place, continuing its consistent ranking from April and May. Sour Assorted Gummy Drops 10-Pack (100mg) held steady in third place across all four months. CBD/THC 1:1 SpaceDrops Ice Water Hash Gummies 10-Pack (50mg CBD, 50mg THC) improved slightly to fourth place, up from fifth in April and May. Notably, Sour Watermelon Mind Expanding Belts 10-Pack (100mg) entered the rankings in June at fifth place, indicating a new entry in the top-performing products.
Top Selling Cannabis Brands
