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The Cannabis market is relatively new and bursting with opportunities. Gudtrip’s extensive research found that blockchain technology can help boost its growth while meeting regulations and boosting user health and experience with perks such as controlled dosing, product variety, enhanced flavor, and crypto rewards.

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Cannabis Market Size

The global cannabis market is experiencing rapid growth:

2023

Market size reached $35 billion

2027

Projected to exceed $50 billion

2030

Legal cannabis spending worldwide expected to hit $134 billion
Legal Cannabis Market Size by Region, 2018-2030 showing exponential growth across all regions

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Market Growth: Concentrates vs. Dry Flower

The cannabis concentrate market shows exceptional growth driven by medical demand:
1

2025

Market valued at $1.6 billion
2

2035

Projected to reach $6.8 billion (15.7% CAGR)
  • Growing demand for pharmaceutical-grade concentrates with precise cannabinoid profiles
  • Medical consumers increasingly prefer lab-tested products with consistent potency
Cannabis Concentrates Market Outlook 2025-2035 showing steady year-over-year growth

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Hemp/CBD Market Size

Hemp-derived CBD is the fastest-growing cannabis segment:
  • 2024: Captured 56.8% of market revenue with accelerating growth
  • Driven by pharmaceutical demand, legalization, and health awareness
  • Applications expanding across oils, topicals, edibles, and wellness products
Cannabidiol Market Size by Region, 2018-2030 highlighting the fastest-growing cannabis segment

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Market Positioning

Gudtrip is the USA’s first crypto-enabled cannabis vape with health tracking.Built exclusively for the USA legal cannabis market, every Gudtrip vape device is packaged and filled in the US. Every unit tracks consumption through embedded chips and distributes rewards accordingly.
The all-in-one format eliminates the need for refills or device maintenance.

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Launch Strategy

Initial Launch: Debuting with 30,000 units across licensed dispensaries and online retailers in select states, focusing on state-regulated cannabis products first. Timing: The current pro-crypto administration creates ideal timing for our launch.

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Vertical Integration

Gudtrip controls the entire supply chain—from cultivation and lab extraction to manufacturing and retail—ensuring 100% organic cannabis oil in every device.