Agriculture: industrial hemp; licensing and regulations for processing, brokering, and marketing industrial hemp, supplying industrial hemp seed, and engaging in wholesale of industrial hemp products; create. Creates new act & repeals 2014 PA 547 (MCL 286.841 - 286.859).

This bill establishes a new regulatory framework for the processing, brokering, and marketing of consumable hemp products in Michigan, replacing the previous 2014 legislation. It requires any business or individual processing edible or inhalable hemp products to obtain a state license from the cannabis regulatory agency, which involves submitting detailed personal and location information and paying applicable fees. The law sets specific rules for license renewal, mandates that processing facilities cannot be residential dwellings, and mandates that the agency deny applications from applicants under 18 or those with unpaid fines. Additionally, the bill creates a dedicated fund to collect fees, exempts applicant data from public disclosure, and authorizes the agency to promulgate further rules to enforce these standards.