Hemp, a leader in the industrial hemp industry, said that sales for the 3rd quarter ending September 30, 2015 increased 53.8 per cent over the 2nd quarter.

Commenting on the company’s performance and prospects of hemp, Bruce Perlowin, CEO of Hemp, stated, “The industrial hemp industry is really booming. More states are beginning to realise it is more advantageous for them to legalise it. As you know, North Carolina, home to our industrial hemp commercial decortication facility, legalised hemp. Farmers in North Carolina now have the option to cultivate hemp crops with easy access to Hemp's multipurpose industrial hemp commercial processing facility.

” The legalization of industrial hemp in North Carolina has been a game changer for Hemp. The direction of the company has shifted towards more advanced processing in the milling line. Perlowin said the company will still continue to market its hemp-based cosmeceutical and nutraceutical product line. "In terms of generating profit, our multipurpose industrial hemp processing facility in Spring Hope, North Carolina by far outweighs any sales revenue generated from our product line, which is why we feel it best to shift focus," said Perlowin.

As the industry continues to boom, Hemp, Inc. is expecting millions of dollars in revenue to be generated per year pending the completion of its multipurpose industrial hemp processing plant that vertically integrates growing, decortification, milling, and more. The burgeoning demand for hemp, the plant used for thousands of years that became illegal decades ago, in the United States continues to increase.

The company recently also announced that it has entered into a definitive 5-year term agreement to sell its industrial hemp fiber from its decortication plant in North Carolina to a premium hemp denim apparel company, Hemp Blue. Hemp Blue, specialises in environmentally friendly clothing and advocates for the return of agricultural hemp as a sustainable crop in the United States.

Hempinc.com