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Jun-2024
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Overview
Market Insights Snapshot
Vert has shown a notable upward trajectory in the Edible category in Nevada over the past few months. Starting from a rank of 29 in March 2024, the brand has steadily climbed to secure the 25th position by June 2024. This consistent improvement indicates a growing consumer preference and market penetration in the state. The sales figures also reflect this positive trend, with a significant jump from $16,117 in March to $30,457 in June, suggesting that Vert's marketing strategies and product offerings are resonating well with consumers in Nevada.
However, it's important to note that Vert's presence in other states and categories might not be as strong, as they are not listed in the top 30 brands in any other state or category for the given months. This absence could be seen as a potential area for growth or a signal that Vert has yet to establish a significant foothold outside of the Edible category in Nevada. The brand's focused performance in Nevada could be leveraged as a case study to replicate success in other markets, provided they adapt their strategies to local consumer preferences and regulatory environments.
Competitive Landscape
In the competitive landscape of the Nevada edible cannabis market, Vert has shown a promising upward trend in its rankings over the past few months. Starting from a rank of 29 in March 2024, Vert climbed to 25 by June 2024, indicating a steady improvement in market position. This positive shift contrasts with the performance of competitors such as Cheeba Chews, which consistently held the 24th rank, and Highly Edible, which fluctuated but remained outside the top 25 for most months. Notably, Evergreen Organix experienced a decline, dropping from 16th in March to 23rd by June, which may have contributed to Vert's rise. Meanwhile, Deep Roots Harvest showed minimal movement, hovering around the 27th to 28th ranks. Vert's consistent sales growth, particularly the significant jump in April, underscores its increasing consumer acceptance and market penetration, positioning it as a brand to watch in the Nevada edibles category.
Notable Products
For June 2024, the top-performing product from Vert is Chocolate Chip Brownie Cookie Square (100mg), which maintained its first-place ranking with notable sales of 461 units. The CBD:THC 1:1 Caramel Brownie Cookie Square (100mg CBD, 100mg THC) rose to second place from fourth in May, indicating a positive trend. Chocolate Caramel Brownie Cookie Square (100mg) debuted at the third position. Strawberry Shortcake Cookie (100mg) dropped to fourth place from second in May, showing a decline in its ranking. Snickerdoodle Cookie Square (100mg) entered the top five for the first time in June.
Top Selling Cannabis Brands
