The "Consumable Hemp Licensing and Regulation Act" establishes a regulatory framework for hemp-derived consumables in South Carolina by introducing Chapter 81 to Title 39 of the South Carolina Code of Laws. The bill requires all businesses involved in the production, distribution, or sale of hemp-derived consumables to obtain a license from the South Carolina Department of Agriculture, with specific fees and requirements for different business types. It emphasizes age restrictions, mandating that individuals under twenty-one cannot access these products, and sets forth strict labeling and safety testing protocols, including the necessity for a Certificate of Analysis for all products.

Additionally, the bill imposes a two percent excise tax on the retail sale of hemp-derived consumable products, which will be passed on to consumers. It prohibits misleading packaging that could appeal to children and sets limits on certain cannabinoids in products. Local school districts are empowered to adopt policies against the use of tobacco and hemp-derived consumables on school property, with disciplinary actions for violations. The provisions of the bill will take effect upon the Governor's approval and will be applicable starting with the 2026-2027 school year, ensuring a regulated and safe environment for the sale and consumption of hemp products.