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Jul-2024
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Overview
Market Insights Snapshot
In Arizona, The Healing Alchemist has shown a steady improvement in its ranking within the Vapor Pens category over the past few months. Starting at rank 29 in April 2024, the brand has climbed to rank 26 by July 2024. This upward movement is indicative of a positive trend in consumer preference and market penetration. The brand's sales figures reflect this growth, with a noticeable increase from $115,971 in April to $129,937 in July. This consistent rise in rankings and sales suggests that The Healing Alchemist is gaining traction and establishing a stronger presence in the Arizona market.
Despite the positive trends in Arizona, The Healing Alchemist's performance in other states and categories is worth examining. Notably, the brand did not make it into the top 30 rankings in several other states and categories, indicating areas where there is significant room for improvement. The absence of ranking data for these markets highlights potential challenges or competitive pressures that the brand faces. These insights are crucial for stakeholders looking to understand the brand's market dynamics and identify strategic opportunities for expansion and growth.
Competitive Landscape
In the competitive landscape of vapor pens in Arizona, The Healing Alchemist has shown a steady improvement in its ranking over the past few months, moving from 29th in April 2024 to 26th by June and maintaining that position in July. This upward trend suggests a positive reception and growing market presence. In comparison, The Giving Tree has experienced a decline, dropping from 21st in April to 24th by July, indicating potential challenges in maintaining its market share. Similarly, Big Bud Farms and Goldsmith Extracts have both seen fluctuations, with Big Bud Farms falling from 25th to 27th and Goldsmith Extracts consistently ranking lower than The Healing Alchemist. Notably, Alien Labs did not rank in the top 20 for any of the months, indicating a weaker competitive position. These dynamics highlight The Healing Alchemist's potential for continued growth and increased sales in the Arizona vapor pen market.
Notable Products
In July 2024, the top-performing product from The Healing Alchemist was the Strawberry Cough Distillate Cartridge (1g) in the Vapor Pens category, maintaining its top position from June with sales of 1865 units. Following closely in second place was the OG Kush Distillate Cartridge (1g), which also saw a rise in sales to 1859 units. The Strawlemon Distillate Cartridge (1g) climbed to third place, continuing its upward trend from previous months. The GMO Cookies Distillate Cartridge (1g) slipped to fourth place, despite consistently high sales figures. Lastly, the Banango Distillate Cartridge (1g) dropped to fifth place, experiencing a significant decrease in sales compared to earlier 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.
