Lucid Green Featured in TechCrunch

On the tailwinds of our press release today (4/26/22), Lucid Green is featured in TechCrunch. Matt Burns writes in TechCrunch…

“Legal cannabis is highly regulated and requires numerous checks along the route to the consumer. The retailer or dispensary is often saddled with extra work around affixing specific labels to different products as regulations change, increasing labor costs and reducing revenues. Lucid Green claims its data suggests the LucidID system can save retailers up [to] $10,000 a month.”

“Other companies offer similar solutions around QR codes but lack the comprehensive benefits found with LucidID.”

Matt continues to write, “Wilder Ramsey from Gron Ventures led the Series A round. He told TechCrunch that talking to retailers led him to invest in Lucid Green. He says they’re desperate for this solution, with one of the largest LA dispensaries throwing in and only accepting new products if it sports a LucidID label.”

You can read the entire article here.