VET CBD

Data Snapshot: May 05, 2024
VET CBD Cannabis Brand Logo
$100K+

Apr-2024

Sales

Neutral

Trend

6-Month

9

Product Count

SKUs

VET CBD

Overview

VetCBD, a renowned marijuana brand based in California, has earned a reputation for its high-quality cannabis tinctures since its inception in 2015. Established and operated by icons in the cannabis industry, VetCBD leverages premium CBD-rich cannabis extract and organic extra virgin olive oil in its therapeutic products, which are duly tested and formulated for quality assurance. Primarily focusing on non-psychoactive cannabis for pets, the brand's proprietary 20:1 CBD:THC formulation has won awards and is trusted by pet owners for delivering therapeutic benefits.
Markets

VET CBD Locations

Product Trends

VET CBD Categories

VET CBD Sales

Market Insights Snapshot

VET CBD Historical Sales by Category

In the competitive landscape of the California cannabis market, VET CBD has shown a commendable performance within the Tincture & Sublingual category. Maintaining a consistent position within the top 5 brands from January to March 2024, and then improving to rank 4 in April, indicates a positive trajectory in a highly contested space. This upward movement is underscored by a steady increase in sales, starting from $263,606 in January and peaking at $286,714 by April. The consistent ranking and sales growth not only reflect the brand's solid market presence but also suggest a growing consumer trust and preference within the California market. However, the significance of this performance can be better understood in the context of the overall market dynamics, including the introduction of new products and competitive strategies by other brands.

While VET CBD's performance in the Tincture & Sublingual category is noteworthy, the data provided does not cover its standings across other states or provinces, nor does it delve into its performance in other cannabis product categories. This limitation leaves room for speculation about the brand's overall market footprint and diversification strategies. The absence of rankings for other states or categories could imply a focused strategy on the California market and the Tincture & Sublingual category, or it may highlight areas of potential expansion or improvement. Nonetheless, the brand's ability to maintain and improve its rank in a competitive category within California speaks volumes about its market strategy and consumer appeal. Further analysis would be required to paint a complete picture of VET CBD's market performance and strategic positioning across the broader cannabis industry landscape.

Apr-2024 Rank
Tincture & Sublingual
4
VET CBD

Competitive Landscape

In the competitive landscape of the Tincture & Sublingual category in California, VET CBD has shown a notable performance, especially when considering its ranking and sales trajectory against its competitors. Initially ranked 5th in January 2024, VET CBD managed to climb one position to 4th by April 2024, overtaking Mary's Medicinals which slipped from 4th to 5th place in the same period. This shift is significant, highlighting VET CBD's growing market presence and consumer preference. However, it still trails behind the category leaders such as Yummi Karma and Care By Design, which have consistently held the 3rd and 2nd ranks respectively throughout the observed months. Friendly Farms also showed improvement, moving from 9th to 6th place, indicating a competitive and dynamic market. The upward movement in rank for VET CBD, coupled with its sales increase from January to April, suggests a positive consumer reception and growing brand loyalty, positioning VET CBD as a strong contender in the California Tincture & Sublingual market.

VET CBD market ranking for CA Tincture & Sublingual

VET CBD

Notable Products

In April 2024, VET CBD's top-selling product was the CBD/THC 20:1 Regular Strength Tincture (250mg CBD, 12.5mg THC, 60ml, 2oz), reaching sales figures of 1492 units. This product has consistently held the number one rank since January 2024. Following closely in second place was the CBD/THC 20:1 Regular Strength Tincture (125mg CBD, 6.25mg THC, 1oz, 30ml), maintaining its position throughout the four months. The third-ranked product, CBD:THC 10:1 Extra Strength Pet Tincture (250mg CBD, 25mg THC, 60ml, 2oz), also showed consistent performance, securing its spot since the start of the year. Notably, the CBD/THC 10:1 Extra Strength Tincture (500mg CBD, 50mg THC, 60ml) made its first appearance in the rankings in March and held onto the fourth spot in April, indicating a growing interest in higher potency options.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
CBD/THC 20:1 Regular Strength Tincture (250mg CBD, 12.5mg THC, 60ml, 2oz)
Tincture & Sublingual
1
1
1
1
CBD/THC 20:1 Regular Strength Tincture (125mg CBD, 6.25mg THC, 1oz, 30ml)
Tincture & Sublingual
2
2
2
2
CBD:THC 10:1 Extra Strength Pet Tincture (250mg CBD, 25mg THC, 60ml, 2oz)
Tincture & Sublingual
3
3
3
3
CBD/THC 10:1 Extra Strength Tincture (500mg CBD, 50mg THC, 60ml)
Tincture & Sublingual
>5
>5
4
4
CBD/THC 20:1 Regular Strength Tincture (500mg CBD, 25mg THC, 60ml, 2oz)
Tincture & Sublingual
5
4
5
5
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