New Zealand Reforms Industrial Hemp Regulations to Boost Growth and Innovation

Regulation Minister David Seymour announced reforms to scrap the outdated licensing regime for industrial hemp in New Zealand, replacing it with a more practical and proportionate approach that removes licenses and sets a clear THC threshold below 1%. These changes aim to reduce costs, encourage innovation, and generate significant economic benefits, while maintaining safeguards to prevent misuse and ensuring compliance with existing food safety and medicinal cannabis regulations. The Ministry of Health will lead implementation, reflecting the government's commitment to cutting red tape and improving regulatory standards for business growth.