Thursday, March 19, 2020

Investor Ideas #Potcasts, #Cannabis News and Stocks on the Move; Episode 385 - Interview with James Shih, Co-Founder of My Green Network

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 ( Newswire), a global news source covering leading sectors including marijuana and hemp stocks and its potcast site,  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

Listen to the podcast:

Today’s podcast overview/transcript:

Good afternoon and welcome to another episode of "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 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   

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About - News that Inspires Big Investing Ideas is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .
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