Virtue Las Vegas

Data Snapshot: May 04, 2024
Virtue Las Vegas Cannabis Brand Logo
$500K+

Apr-2024

Sales

Growth

Trend

6-Month

88

Product Count

SKUs

Virtue Las Vegas

Overview

Virtue Las Vegas, situated in the heart of the city, sets a high bar in the cannabis industry with their boutique-grade marijuana, emphasizing cultivation of high terpene levels and high THC percentages. Striving for perfection in each harvest, they maintain the cleanest and ideal environment to optimize plant growth. With their large selection of unique strains, this multiple dispensary brand combines attention to quality and sensory experience, solidifying their position as an essential brand for cannabis enthusiasts.
Markets

Virtue Las Vegas Locations

Product Trends

Virtue Las Vegas Categories

Virtue Las Vegas Sales

Market Insights Snapshot

Virtue Las Vegas Historical Sales by Category

In the competitive cannabis market of Nevada, Virtue Las Vegas has shown a notable performance across various categories, with its presence being most strongly felt in the Concentrates, Flower, and Pre-Roll categories. Particularly in the Flower category, Virtue Las Vegas experienced a significant leap in rankings from 22nd in January to 8th in March, demonstrating a strong market demand and an impressive increase in sales from 321,170 in January to 766,500 in March. However, the brand faced challenges in maintaining its position in the Vapor Pens category, where it was ranked outside the top 30 brands for the months of March and April 2024, indicating a potential area for growth or reevaluation of strategy within this segment.

Despite the fluctuation in rankings within the Flower category, Virtue Las Vegas managed to improve its standings in the Concentrates category, moving from 18th in January to 11th by April. This upward trend suggests a growing consumer preference for their concentrates offerings, coupled with a consistent performance in the Pre-Roll category, maintaining a rank within the top 15 from January to April. The absence from the top 30 in the Vapor Pens category for two consecutive months could signal a need for strategic adjustments or increased marketing efforts to capture consumer interest in this area. Overall, Virtue Las Vegas demonstrates a strong foothold in Nevada's cannabis market, with room to optimize its approach in less performing categories to bolster its market share across the board.

Apr-2024 Rank
Concentrates
Flower
Pre-Roll
Vapor Pens
11
15
14
Virtue Las Vegas

Competitive Landscape

In the competitive Nevada flower market, Virtue Las Vegas has shown a notable fluctuation in its ranking over the recent months, moving from not being in the top 20 in January 2024, to 19th in February, peaking at 8th in March, and then settling at 15th in April. This rollercoaster in rankings is indicative of the fierce competition and dynamic nature of consumer preferences in the state. Competitors such as Polaris MMJ and Lavi have also experienced significant shifts, with Polaris MMJ making a remarkable leap from 29th to 12th place between January and February, and Lavi, even more impressively, jumping from 58th to 14th by April. Meanwhile, Summa Cannabis and Twelve Twelve have seen more modest changes in their standings. These movements underscore the volatility of the market and the opportunity for brands like Virtue Las Vegas to capitalize on trends and consumer shifts to improve their market position. Despite the competitive landscape, Virtue Las Vegas's significant sales increase in March suggests a strong consumer demand for their products, which could be leveraged to enhance their standing and sales in the long term.

Virtue Las Vegas market ranking for NV Flower

Virtue Las Vegas

Notable Products

In April 2024, Virtue Las Vegas saw Fig Bar (3.5g) maintaining its position as the top-selling product with a sales figure of 1950 units, continuing its lead from the previous two months. Following closely was Orange Push Pop (3.5g), which also held steady in its rank as the second top-performing product. Notably, Orange Push Pop Pre-Roll (1g) and Diamond Dust (3.5g) emerged in the rankings for the first time in April, securing the third and fourth positions, respectively. Triple G (1g) rounded out the top five, marking its debut on the list. These changes indicate a significant shift in consumer preferences, with new product entries gaining popularity within Virtue Las Vegas's offerings.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Fig Bar (3.5g)
Flower
4
1
1
1
Orange Push Pop (3.5g)
Flower
>5
2
2
2
Orange Push Pop Pre-Roll (1g)
Pre-Roll
>5
>5
>5
3
Diamond Dust (3.5g)
Flower
>5
>5
>5
4
Triple G (1g)
Flower
>5
>5
>5
5
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