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Dec-2024
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Overview
Market Insights Snapshot
In the state of Ohio, Tinctible has demonstrated a consistent presence in the Tincture & Sublingual category. Holding steady at the 5th position in both September and October 2024, the brand then experienced a slight decline, moving to the 7th spot in November and December. Despite this drop in ranking, Tinctible's sales figures in October marked a peak at $42,692, indicating a strong performance before the subsequent dip. This shift might suggest increased competition or changing consumer preferences within the state, warranting further analysis for those interested in market dynamics.
It is noteworthy that Tinctible's performance in other states or provinces is not highlighted in the top 30 rankings, which could either suggest a strategic focus on Ohio or challenges in gaining similar traction elsewhere. For stakeholders and potential investors, understanding the factors contributing to Tinctible's ranking fluctuations in Ohio could provide valuable insights into the brand's market strategy and adaptability. Further exploration into specific consumer trends or competitive actions in this region might reveal additional opportunities or threats that Tinctible faces.
Competitive Landscape
In the Ohio Tincture & Sublingual market, Tinctible has experienced some fluctuations in its competitive positioning over the last few months. While maintaining a steady rank of 5th place in September and October 2024, Tinctible slipped to 7th place in November and held that position through December. This change in rank coincides with a notable decrease in sales from October to December, indicating potential challenges in sustaining market share. In contrast, Avexia has shown remarkable stability and growth, consistently holding the 3rd position and even increasing its sales over the same period. Meanwhile, Doctor Solomon's remains a formidable competitor, maintaining its 2nd place rank with a steady increase in sales. The downward trend in Tinctible's sales suggests a need for strategic adjustments to regain its competitive edge in this dynamic market.
Notable Products
In December 2024, the top-performing product from Tinctible was the Squeeze In- THC/CBG/CBD 2:1:1 Relief Blue Raspberry Gel 11-Pack, which climbed to the first rank with notable sales of 491 units. This product consistently held the third position in the previous three months but surged to the top in December. The Squeeze In - THC/CBN 3:1 Blueberry Lavender Sleep Gel 11-Pack, despite being the top seller from September to November, dropped to the second position. Meanwhile, the Squeeze In- CBD/THC 1:1 Spark Watermelon Gel 11-Pack maintained a consistent third place until December, when it slipped to third with a significant decline in sales. The Squeeze In - Island Punch Gel 11-Pack and Squeeze In - THC Strawberry Elderflower Gel 10-Pack held steady in fourth and fifth positions, respectively, throughout the months, with minimal fluctuation in their rankings.
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.
