The Intelligent Universal Product Code of Cannabis - LucidID

LucidIDs are the intelligent UPC (universal product code) of cannabis. Here is a LucidID:

You have most likely seen these QR codes in many facets of your daily lives.  What makes the LucidID so remarkable? The simple answer is that behind the LucidID is one platform to reduce costs, increase transparency, and drive revenue. Depending upon your function in the cannabis industry (brand, distributor, retailer, or consumer), you receive/see different information that is tailored to your needs and interests. As a cannabis brand, distributor, or retailer, you can also store different information in LucidSource (the data asset management platform of LucidIDs) for each LucidID (i.e. regulatory unique identifiers for seed to sale compliance).

For cannabis brands, LucidIDs increase supply chain efficiency, enable full inventory visibility, and open a direct communication channel with consumers. Inventory management costs are reduced allowing brands to drive higher margins. Brand challenges such as manual assignment of certificate of analysis are solved with zero operational overhead. Regulatory compliance of unique identifier assignment is digitally automated. Brands can empower consumers by providing them with the product information they need. This information typically includes the product description, dosage recommendations, reviews, and certificate-of-analysis from an independent lab, but can include any type of media a brand wishes to display. Brands can offer loyalty programs granting bud-point rewards when a consumer claims one of their products via a LucidID scan. Brands can also message their customers directly via the LucidID App (available to consumers in IOS and Android).

For cannabis distributors LucidIDs provide touchless inventory management. This capability decreases inventory management costs by managing the flow of cannabis products to retailers and enhancing their buying decisions with the right data to increase profitability.

For cannabis retailers LucidIDs optimize inventory management, including cycle counting, allowing for better management of working capital. Lucid Green solutions provide automatic inventory management and integration with cannabis retailer POS (point-of-sale) systems. Manual entry errors are eliminated. An entire case of cannabis products can be scanned and recorded in inventory with one scan of a Lucid CaseID.

Want to learn more about LucidIDs - the intelligent UPC for cannabis? Let us show you.  Please request a demo - https://www.lucidgreen.io/schedule-demo.