The bill amends section 581.217 of the Florida Statutes to enhance regulations surrounding hemp extract products. Key changes include the introduction of new definitions, such as "hemp extract," "safe harbor hemp extract product," and "convenience business," while also revising existing definitions to clarify the conditions under which hemp extract products can be manufactured, distributed, and sold. The bill establishes that hemp extract products may only be sold to individuals aged 21 and older, and it imposes penalties for violations. Additionally, manufacturers, distributors, and retailers are required to maintain detailed records of their hemp extract products for three years.

Furthermore, the bill mandates that hemp extract products must meet specific labeling and packaging requirements to ensure safety and compliance with state laws. It prohibits the sale of products that are attractive to children and requires that hemp extract products be stored in a manner that restricts access to minors. The bill also includes appropriations for the Department of Law Enforcement and the Department of Legal Affairs to support the implementation of these regulations, with a total of $27 million allocated for testing equipment and investigations related to hemp products imported from foreign countries. The act is set to take effect on October 1, 2025.