Dec-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Virtue Las Vegas has demonstrated a varied performance across different product categories in Nevada. In the concentrates category, the brand experienced notable fluctuations, starting at rank 28 in September 2024, dropping out of the top 30 in October, and then climbing to rank 19 in November before disappearing again in December. This indicates a volatile market presence with potential for growth if they can maintain consistency. In contrast, their flower category performance has been relatively stable, hovering around the 40s, which suggests a steady, though not leading, position in the market. The pre-roll category saw Virtue Las Vegas achieve its strongest performance, with rankings peaking at 11 in September, dipping in October and November, and then recovering to 13 in December, signifying a competitive stance in this popular segment.
While the brand's sales figures reflect some of these ranking changes, it's worth highlighting the substantial increase in concentrate sales from October to November, which aligns with their improved rank during that period. However, the absence of a ranking in December suggests they were unable to sustain this momentum. The flower category's rankings remained relatively unchanged, with a slight decline towards the end of the year, which could indicate challenges in differentiating their offerings in a crowded market. Meanwhile, the pre-roll category's performance, although fluctuating, hints at a potential area of strength for Virtue Las Vegas, as they managed to rebound to a higher rank in December after a mid-quarter dip. This varied performance across categories underscores the importance of strategic focus and adaptability in maintaining a competitive edge in Nevada's dynamic cannabis market.
Competitive Landscape
In the competitive landscape of the Nevada pre-roll market, Virtue Las Vegas has experienced notable fluctuations in its ranking and sales performance from September to December 2024. Initially holding the 11th position in September, Virtue Las Vegas saw a decline to 14th in October and further dropped out of the top 20 in November, before rebounding to 13th in December. This volatility suggests a competitive pressure from brands like Nature's Chemistry, which maintained a relatively stable presence, peaking at 12th in both October and December. Additionally, Polaris MMJ made a significant leap from outside the top 20 to 11th place in December, indicating a strong upward trend. Meanwhile, Cannavative and Kushberry Farms also showed competitive movements, with Cannavative reaching 14th place in December and Kushberry Farms climbing to 15th. These dynamics highlight the intense competition Virtue Las Vegas faces, necessitating strategic adjustments to regain and sustain higher rankings in the Nevada pre-roll market.
Notable Products
In December 2024, the top-performing product for Virtue Las Vegas was Diamond Bar Pre-Roll (1g), which ascended to the first position with sales of 2,458 units. Orange Push Pop Pre-Roll (1g) maintained its strong performance, holding the second rank consistently from October and improving from third in November. Fig Bar Pre-Roll (1g) experienced a slight drop from first in November to third in December, while Private Reserve Pre-Roll (1g) moved up to fourth place from fifth in November. Diamond Dust Pre-Roll (1g) saw a decline in its ranking, dropping to fifth place from second in November, indicating a decrease in sales momentum. Overall, the rankings highlight a dynamic shift in consumer preferences within the pre-roll category.
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.