Create new sections of KRS Chapter 217 to define terms related to kratom; direct the Department of Alcoholic Beverage Control to license and regulate processors and retailers of kratom products; charge kratom processors an annual licensing fee of $1,000 and kratom retailers an annual licensing fee of $500; prohibit the manufacture and sale of certain kratom extracts and kratom products; prohibit the sale of kratom extracts and kratom products to any individuals under 21 years of age; establish penalties; declare the supremacy of any future federal regulations on kratom.