[Funding News] NYC-based Lucid Green Secures $1.4 Million in Funding

Lucid Green, Enabling the cannabis industry to work smart has raised $1.4 Million in Funding to fuel its growth and expansion into new markets. Lucid Green aims to enable the cannabis industry to work smart, by providing supply chain operational efficiency and brand marketing solutions to help cannabis brands, distributors and retailers reduce costs, increase transparency, and drive revenue.

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With this new funding, Lucid Green plans to expand the capabilities of InventoryAI within the LucidID ecosystem, enhancing its value proposition for brands, distributors, and retailers alike.

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“Securing $1.4 million marks a key moment in our journey,” said Larry Levy, CEO of Lucid Green. “Year to date, we’re experiencing exceptional growth, averaging 10-15% growth month over month. This funding drives us towards profitability and ubiquity in the markets we operate in.”

“Our goal remains unchanged: to drive efficiencies in the supply chain and enable smarter, safer, and more transparent cannabis products for consumers,” concluded Larry Levy, CEO of Lucid Green.

About Lucid Green

Lucid Green was founded in early 2018 with a singular mission of building a standard for trust and transparency in the cannabis ecosystem. Lucid Green’s platform provides retailers and distributors a complete touchless inventory management solution – increasing supply chain efficiencies and cost-savings; and brands a channel to connect directly with consumers.