Life is green-lit,
“Green-lit” likely refers to Action’s lifestyle of smoking a lot of weed.
Also, “green-lit”, is a continuation of the intersection imagery presented through the line, “red hands flashing at the intersection”. Here, “green-lit”, is referring to a green light.
To help improve the meaning of these lyrics, visit "Randy The Musical" by Action Bronson Lyrics and leave a comment on the lyrics box