MI HB4964

Creates the "Industrial Hemp Processing Act" requiring state licenses for processing consumable hemp products, with annual license fees of $1,350 and licenses valid from December 1 through November 30

Establishes categories of cannabinoids: nonintoxicating (CBD, CBG, CBN, etc.), intoxicating (delta-8, delta-9, delta-10 THC and variants), and potentially intoxicating, with prohibitions on selling products containing intoxicating or converted cannabinoids outside the marijuana regulatory framework

Requires all consumable hemp products to be tested by licensed safety compliance facilities before sale and mandates specific labeling including FDA disclaimers, "KEEP OUT OF REACH OF CHILDREN" warnings, ingredient lists, and cannabinoid percentages

Authorizes the Cannabis Regulatory Agency to administer the licensing program, promulgate rules, and impose civil fines up to $5,000 for individuals and $10,000 for licensees who violate the act

Creates criminal penalties for selling intoxicating cannabinoids, with first violations punishable by fines of $10,000-$25,000 and up to 93 days imprisonment, and subsequent violations carrying up to 1 year imprisonment

Repeals the Industrial Hemp Research and Development Act of 2014 and preempts local governments from adopting contrary regulations; tied to passage of HB 4965, HB 4966, and HB 4967