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: SB 0600'25, SB 0601'25, SB 0602'25

Added specific definitions for 'consumable hemp processor', 'consumable hemp product', 'converted cannabinoid', and other terms to clarify regulatory scope.

Added requirements for testing consumable hemp products before sale and maintaining records for at least 3 years.

Added specific labeling requirements including FDA disclaimer, child safety warning, and ingredient listing.

Added civil fines up to $10,000 for licensees and $5,000 for non-licensees, plus criminal penalties for unlicensed processing.

Created a new 'consumable hemp product fund' to collect and manage fees for administering the program.

Added age restrictions (must be 18 or older) and location requirements (must be in Michigan) for license applicants.

Removed introductory metadata, committee references, and page numbers from the original draft.

Bill version identifier updated from S-2 to S-3, indicating a revision to the legislative text

Tracking code changed from debxu3 to pcjzkx, likely an internal system identifier update

Bill version identifier updated from S-3 to S-2, indicating a revision in the legislative drafting process, with corresponding tracking code changes.

Version identifiers changed from S-2 to S-3 with updated tracking codes (debxu3 to pcjzkx) across multiple pages, indicating a revision in the bill's drafting process rather than policy changes.