David Seymour has explained what we're missing out on by not investing in the medicinal cannabis industry. 

The ACT Leader's looking at further improvements to speed up processing for exports of the plant, which he believes could one day rival the wine industry.  

He's open to improving regulation domestically as well. 

David Seymour told Mike Hosking they want to simplify the process it takes to get a licence. 

He says regardless of what people might think of the plant, there's a market for it, it's worth several hundred million dollars to the economy, and creates jobs.  

LISTEN ABOVE  

• ‘High-value powerhouse’: David Seymour backs surge in medicinal cannabis exports