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flag New Zealand plans to review and modernize its industrial hemp regulations to boost economic growth.

flag New Zealand plans to review its outdated industrial hemp regulations, which classify hemp as a Class C drug despite its low THC content. flag Minister for Regulation David Seymour aims to streamline regulations to foster economic growth and innovation, projecting potential earnings of $2 billion by 2030. flag The Ministry for Regulation, along with MedSafe and the Ministry of Health, will reassess the nearly twenty-year-old rules to modernize the sector.

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