Investor
Ideas #Potcasts, #Cannabis News and Stocks on the Move; Episode 385 - Interview
with James Shih, Co-Founder of My Green Network
Delta, Kelowna, BC, March 19, 2020 (Investorideas.com Newswire)
www.Investorideas.com, a global news source covering leading sectors including
marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Listen to the podcast:
Read this in full
at https://www.investorideas.com/news/2020/cannabis-potcasts/03191Interview-JamesShih.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In
today’s podcast Investorideas interviews James Shih, the Co-Founder of My Green
Network, where we discussed the many difficulties entrepreneurs face when
looking to enter into the cannabis space and how My Green Network aims to
address those as well as what companies can and should be doing during the COVID-19
Pandemic.
My Green Network offers Cannabis
Entrepreneurs an easy way to make their dreams into legal reality. MyGN is set
to open the first membership-based, entrepreneur-focused, collaborative
cannabis facility in July 2020 in Orange County, CA. Transforming their
"green" ideas with a fraction of the cost. My GN reduces up to 90% of
start-up costs by addressing six main barriers currently facing cannabis
entrepreneurs: money, compliance, property, time, experience, and legal
uncertainty. These cultivators are going green the way they want, and the right
way!
“Anyone can be the next Budweiser, Nestle, or Coca-Cola
of cannabis,” explains company Co-Founder James Shih. “Yet every day, promising
entrepreneurs fail because they lack a trustworthy network, industry
experience, or money for licensure and fees. With My Green Network by your
side, anyone can benefit from our in-depth knowledge, connections, and
compliance measures to create a stand-out product."
Shih
describes himself as “a recovering lawyer” after having spent ten years in
international investment law and business and then spending the last six years
in cannabis. Shih went on to describe the company’s origins saying, “We started
originally with trying to assist people with getting their cannabis licensing.
We were charging between 100,000 to 250,000 for the consulting part and what
people didn’t realize is that in trying to obtain a license it’s insane. You
have to argue with counsel, argue with the city, go to public hearings, etc.
which is like 100 hours to 200 hours of work.”
Shih
continued, “My Green Network is sort of us identifying those barriers and problems
and literally providing a solution to those. It’s pretty much impossible to
create a cannabis business without a shared economy model. The three main
factors, excluding people, are capital, complex licensing and overhead.”
Shih
went on to describe in more detail how My Green Network addresses each of these
three main factors as well as the types of businesses they are looking to
assist.
When
asked about the current market and what companies can be doing during the
COVID-19 pandemic Shih commented, “I think it was Winston Churchill who said, ‘Never let a good crisis go to waste’ and
that’s where we are right now. For a lot of these businesses, they should be
focussing on developing new tech platforms that they couldn’t before. People
are going to be forced to use them because they won’t have the opportunity to
go into a store. It’s also a time for them to work on their own systemization
inside their facilities, to produce better delivery results or better results
online for their consumers. Working on marketing, communication and your staff
building strong relationships, that’s incredibly important right now. I’ve seen
a lot of dispensaries sending out emails, but it’s the same thing over and over
again. If we’re talking more on cultivators and manufacturers, I think now is
the time to do R & D, because they are going to be able to launch different
products that maybe will be designed for people at home.”
Shih
also went on to discuss the benefits of starting in the California market and
where they plan to expand in the future.
To
find out more about My Green Network visit their website here.
Investor
ideas reminds all listeners to read our disclaimers and disclosures on the
Investorideas.com
website and this podcast is not an endorsement to buy products or services or
securities. Investors are reminded all investment involves risk and possible
loss of investment
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more
Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.
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Certification-Registration Number: 10468217708
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