Industrial Hemp: licenses; 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). TIE BAR WITH: HB 4965'25, HB 4966'25, HB 4967'25

HB 4964 establishes a licensing system for businesses processing, brokering, and selling industrial hemp products like edibles, beverages, and infused liquids containing nonintoxicating cannabinoids (which do not cause intoxication). Businesses must apply for a state license, pay fees, and meet requirements including location restrictions (no residential dwellings), background checks, and submission of key participant information. Licenses are valid for one year, require annual renewal by November 30 (with a $250 late fee for delays), and are nontransferable. The act also sets product testing, labeling standards, and creates a fund for regulatory activities, repealing an older 2014 law.