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. The bill defines key terms such as "hemp-derived consumable product," "manufacturer," and "distributor," and mandates that all businesses involved in the production, distribution, or sale of these products obtain a license from the South Carolina Department of Agriculture. The licensing process requires submission of necessary information, payment of fees, and consent to inspections. The bill also prohibits the sale of hemp-derived products to individuals under twenty-one and outlines penalties for violations, emphasizing safety through mandatory testing for contaminants and detailed labeling requirements.

Additionally, the legislation includes specific provisions to ensure consumer safety and prevent youth access to hemp-derived consumables. It requires disclaimers on product labels regarding FDA evaluation and safety, prohibits labels that appeal to children, and restricts serving sizes of cannabinoids. Retailers and producers are barred from marketing these products to individuals under twenty-one, and licensing requirements are set for retail and food service establishments. The bill imposes a two percent excise tax on retail sales and allows local school districts to prohibit the use of tobacco and hemp-derived products on school property, with disciplinary actions for violators. The act will take effect upon the Governor's approval and will be applicable starting with the 2026-2027 school year.