About Lucid Green

The startup provides a platform that utilizes blockchain technology to ensure product authenticity and quality assurance in the cannabis industry. By facilitating direct interactions among consumers, brands, and retailers, the platform enhances transparency and compliance in a rapidly evolving regulatory environment.

```xml <problem> The cannabis industry faces challenges in maintaining transparency and ensuring product authenticity throughout the supply chain, from seed to consumption. Manual data entry, secondary stickering, and a lack of standardized tracking methods lead to inefficiencies, increased costs, and potential compliance issues. </problem> <solution> Lucid Green provides a platform, LucidID, that leverages intelligent UPCs and QR codes to streamline cannabis supply chain management, enhance transparency, and facilitate direct consumer engagement. The platform enables brands to upload product information, print regulatory labels with unique LucidIDs, and track products from creation to the point of sale. Retailers can then scan the CaseID upon delivery, automatically adding the product to their POS system and eliminating manual data entry and secondary stickering. Consumers can scan the LucidID to access product information, verify authenticity, and participate in loyalty programs. </solution> <features> - LucidSource: A user-friendly product management platform for brands to upload product information and create regulatory labels. - CaseID: Enables retailers to quickly add products to their POS system by scanning a single code, reducing truck-to-shelf time. - LucidID App: Allows consumers to scan product QR codes to access COAs, product information, and brand rewards programs. - InventoryAI: Automates inventory management for retailers by automatically updating product information from brands. - LucidRetail Mobile: A mobile scanning solution designed to enhance operational efficiency for brands. - GS1 Digital Link compliance: Ensures seamless integration with global supply chains, enhancing product traceability and safety. - LucidConnect: A consumer marketing suite for direct communication, rewards programs, and data collection. </features> <target_audience> Lucid Green targets cannabis brands seeking to streamline supply chain processes, reduce costs, and enhance consumer engagement, as well as cannabis retailers aiming to optimize inventory management, improve efficiency, and ensure compliance. </target_audience> <revenue_model> Lucid Green offers tiered pricing plans for brands, with savings of up to $0.38 per unit by removing the need for secondary stickering, and generates revenue through platform subscriptions and potentially through transaction fees within the LucidConnect consumer engagement platform. </revenue_model> ```

What does Lucid Green do?

Where is Lucid Green located?

Lucid Green is based in City of New York, United States.

When was Lucid Green founded?

Lucid Green was founded in 2018.

How much funding has Lucid Green raised?

Lucid Green has raised 16140000.

Location

City of New York, United States

Founded

2018

Funding

16140000

Employees

15 employees

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Lucid Green

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Executive Summary

lucidgreen.io 3K+

Founded 2018 – City of New York, United States

Funding

Estimated Funding

$10M+

Team (15+)

No team information available.

Company Description

Problem

The cannabis industry faces challenges in maintaining transparency and ensuring product authenticity throughout the supply chain, from seed to consumption. Manual data entry, secondary stickering, and a lack of standardized tracking methods lead to inefficiencies, increased costs, and potential compliance issues.

Solution

Lucid Green provides a platform, LucidID, that leverages intelligent UPCs and QR codes to streamline cannabis supply chain management, enhance transparency, and facilitate direct consumer engagement. The platform enables brands to upload product information, print regulatory labels with unique LucidIDs, and track products from creation to the point of sale. Retailers can then scan the CaseID upon delivery, automatically adding the product to their POS system and eliminating manual data entry and secondary stickering. Consumers can scan the LucidID to access product information, verify authenticity, and participate in loyalty programs.

Features

LucidSource: A user-friendly product management platform for brands to upload product information and create regulatory labels.

CaseID: Enables retailers to quickly add products to their POS system by scanning a single code, reducing truck-to-shelf time.

LucidID App: Allows consumers to scan product QR codes to access COAs, product information, and brand rewards programs.

InventoryAI: Automates inventory management for retailers by automatically updating product information from brands.

LucidRetail Mobile: A mobile scanning solution designed to enhance operational efficiency for brands.

GS1 Digital Link compliance: Ensures seamless integration with global supply chains, enhancing product traceability and safety.

LucidConnect: A consumer marketing suite for direct communication, rewards programs, and data collection.

Target Audience

Lucid Green targets cannabis brands seeking to streamline supply chain processes, reduce costs, and enhance consumer engagement, as well as cannabis retailers aiming to optimize inventory management, improve efficiency, and ensure compliance.

Revenue Model

Lucid Green offers tiered pricing plans for brands, with savings of up to $0.38 per unit by removing the need for secondary stickering, and generates revenue through platform subscriptions and potentially through transaction fees within the LucidConnect consumer engagement platform.