Deregulation of the hemp industry could let seeds be sold freely around the country.

Cabinet's agreed to loosen things up - removing the need for a licence to grow and handle it and just requiring farmers to notify police and MPI.

The Government claims it'll generate an extra $40 million for the economy in the first 20 years.

Brothers Green co-founder, Brad Lake, says he's hoping they'll be able to sell seeds on their website - and that licensing was the only aspect he can see holding that back.

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