Lucid Green Secures Funding to Boost LucidID Adoption

September 22, 2025
Lucid Green has announced new funding from lead investors to accelerate growth, following the adoption of over 160 million LucidIDs in the cannabis industry.

Lucid Green has announced new funding from its lead investors to accelerate growth, as stated in a press release. This follows the company's record-breaking adoption of its LucidID technology, which has surpassed 160 million units in the market. Lucid Green's platform is recognized for enhancing label compliance, retail inventory management, and consumer trust in the legal cannabis industry.

The company has achieved significant milestones, including generating 800,000 daily LucidIDs and maintaining a dominant market share across five key states. The LucidID App has received a 4.8-star rating on the iOS App Store, indicating strong consumer satisfaction. Additionally, the number of brands using Lucid Connect, a direct-to-consumer offering, more than doubled in 2025.

Lucid Green's CEO, Larry Levy, emphasized the platform's value in improving profitability for brands and retailers, which has driven its rapid adoption. The company is on track for continued growth into 2026, with partners reporting enhanced operational efficiency and cost savings through the use of Lucid Green's solutions.

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