See How Your Cannabis Business Can Increase Profitability
Efficiency is what makes a big difference in profitability in the cannabis industry. If you can optimize business operations by eliminating manual efforts and reducing FTE labor, the savings in the associated costs all goes straight to your bottom line.Lucid Green delivers solutions for the cannabis industry that does exactly that - making your supply chain operations run more efficiently while providing tools and services to communicate directly with your existing and potential customers.If you have the chance to attend Hall of Flowers in Santa Rosa on September 22nd or 23rd, of MJUnpacked in Las Vegas on October 21st or 2nd, please stop by our exhibition booth and see us for a demo and all the information you need. Lucid Green is building the standardized UPC (universal product code) and a supporting platform to improve cannabis supply chain operations and marketing to cannabis consumers. We have dug into the challenges that brands, distributors, and retailers experience to solve the following inefficiencies:
Sub-optimized and often manual, inventory management.
Regulatory compliance by requiring post-production pre-ticketing.
Increased costs, increased errors, and lower margins.
At a high level, LucidIDs, the UPC of cannabis, fixes these problems:
Decreases inventory management costs by providing touchless inventory.
Management - No manual entry during pick-pack. Single-scan shipping. Regulatory (METRC) order ID details added to every case/unit satisfying retail partners
Allows for full inventory reporting - real-time inventory and ship-to-shelf processing and reporting providing complete, real-time supply chain awareness. No lag from inventory intake to shelf.
Open direct consumer and budtender brand engagement at any time.
And there is at least one more powerful solution that the Lucid Green platform provides - Touchless COA (certificate of analysis). COA results arrive and are approved digitally, labels auto-populate, accelerating time from testing to production.
Clear Benefits for Cannabis Retailers
The benefits to cannabis retailers are so strong that dispensaries can actual save 60 hour of labor per week. The retailer benefits include:
Improved truck to shelf efficiency results in lower working capital requirements as the need to hold stock is reduced as a result of faster stock replenishment cycles.
One single scan of a Lucid CaseID delivers all product information and inventory records into the POS system.
No secondary stickering. Central archive of all COA’s for easy retrieval.
Cycle counting time and errors reduced significantly with detailed visibility of all products.
Manual entry and associated errors are eliminated.
Lucid Green Hits the Road - Come See Us
Please come out and see us at Hall of Flowers or MJUnpacked. Stop by our booth to get a full demo and learn more. If you can’t make either event and want to learn more, please reach out to us here (https://lucidgreen.io/contact/) - just let us know about your needs and potential solutions you want to learn more about.
Schedule a demo here.