Business
Profitable Developments, Inc. President Updates the Market
Profitable Developments, Inc. President Updates the Market.
About this update from Profitable Developments, Inc.
[{"type":"text","content":"\n \n \n Profitable Developments, Inc. President Updates the Market\n \n \nProfitable Developments, Inc. President Updates the Market\n\nPRDL Takes Steps Into Multi-Million Dollar MMJ Marketplace\n\n \n NEW YORK, NY--(Marketwired - Jun 11, 2014) - Profitable Developments, Inc. (OTC Pink: PRDL) (PINKSHEETS: PRDL), today announced that is diversifying its portfolio to look at how they can expand into the Medical Marijuana space and explore property opportunities.\n Profitable Developments President, Carl Grant, spoke of his interest in the MMJ space earlier this month when he outlined a possible synergy between the booming MMJ interest and the requirement for legal and licensed Property for professionals in this space to work from.\n He commented, \"This is a new and massively growing sector that needs legal and licensed premises to work from. We have the ability to raise capital and, now that PRDL has its older liabilities more under control, it should be looking to invest in how we can make space for these premises in a future portfolio. I saw recently, also, that even the weed magazine High Times has started its own $100 million private equity fund in anticipation of a coming windfall.\"\n Key to this strategy is to attract both the professionals in this space as well as to bring to the table the clientele who legally make use of the Medical Marijuana laws passed in several States. To this end, the Company is setting up an online portal over the coming weeks at the address www.maps2weed.com which will aim to bring all of the latest information in this space together to attract the demographic, and then start to connect them with properties that can be used legally for the newly formed Medical Professionals in the space.\n The trade journal Medical Marijuana Business Daily currently estimates that a fully legalized cannabis market could be as large as $46 billion per year, while more conservative observers peg it at anywhere between $10 billion and $40 billion and access to the right properties will be as much a core part of this growth as water supply and sunlight.\n It is anticipated that the portal will be online during July and will start to attract users throughout the following weeks. Steps will be taken in Q4 to start to deliver the business strategy of linking this demographic with the required real estate.\n About Profi...