The Bug
When using /setblock ~ ~ ~ glow_lichen the glow lichen does not give off light. It does give off light if you set a direction such as minecraft:glow_lichen[down=true]. I can't imagine this is a intended future.
In the photo attached you can see the one on the right is not giving off light.
Expected Result
The glow lichen would emit light with /setblock
Can confirm in 1.18.1.