New Zealand's medicinal cannabis sector is warning that "onerous" regulations around production are restricting the local sector, while international players flood the market.
The Medicinal Cannabis Council of New Zealand estimated the sector to be worth around $200 million, and welcomed the easing of rules around exports under the Misuse of Drugs (Medicinal Cannabis) Regulations in July (2024).
Large organic outdoor and indoor grower Puro of Marlborough said the changes had an "overnight" positive impact for the business, as it signed multi-million dollar export deals in the months following.
However while the numbers of licensed growers and the supply of product were rising, some New Zealand producers were struggling to gain traction domestically.
Read more at RNZ