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Aug-2024
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Overview
Market Insights Snapshot
Venom Extracts has shown notable performance in the Arizona market, particularly in the Concentrates category. Over the past few months, the brand has consistently ranked within the top 5, peaking at the 2nd position in August 2024. This upward movement from the 5th position in July indicates a strong and growing presence in this category. The sales figures also reflect this trend, with a steady increase from $257,323 in June to $284,802 in August. However, in the Pre-Roll category, Venom Extracts has not managed to break into the top 30, with rankings hovering in the 60s, indicating a less competitive stance in this segment.
In the Vapor Pens category, Venom Extracts has experienced significant fluctuations. Starting at the 34th position in May and June, the brand dropped to the 50th position in July, only to make a substantial leap to the 23rd position in August. This dramatic improvement suggests a resurgence in popularity and market penetration for their vapor pen products. Despite this positive trend, the brand's absence from the top 30 in previous months highlights the volatility and competitive nature of this category. Overall, Venom Extracts demonstrates a strong foothold in Concentrates while facing challenges in other segments within Arizona.
Competitive Landscape
In the highly competitive Arizona concentrates market, Venom Extracts has shown notable fluctuations in its ranking over the past few months. While it maintained a steady 4th position in May and June 2024, it saw a dip to 5th place in July before rebounding to 2nd place in August. This upward trajectory in August indicates a positive shift in consumer preference or effective marketing strategies. In contrast, Mohave Cannabis Co. has consistently held the top spot, demonstrating strong brand loyalty and market dominance. Meanwhile, High Grade experienced a drop from 2nd to 4th place between June and August, suggesting potential challenges in maintaining its market share. WTF Extracts showed significant improvement, jumping from 7th in June to 2nd in July before settling at 3rd in August. These shifts highlight the dynamic nature of the market and suggest that Venom Extracts' recent rise could be a result of strategic adjustments or increased consumer demand, positioning it as a strong contender against its competitors.
Notable Products
In August 2024, the top-performing product from Venom Extracts was Sunset Cake Batter (1g) in the Concentrates category, rising to the first position with notable sales of $2128. Jesus Juice Distillate Syringe (1g) secured the second rank, maintaining its position from previous months. Blueberry Blast Distillate Syringe (1g) entered the rankings at third place, followed by SPK Distillate Syringe (1g) at fourth place. Designer RTZ Cake Batter (1g) rounded out the top five. Compared to previous months, Sunset Cake Batter (1g) showed significant improvement, climbing from third to first place.
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.
