Directs the Legislative Research Commission (LRC) to study revising the laws governing alcoholic beverages set forth in GS Chapter 18B. Details 11 required components of the study, including (1) a comparative analysis on regulation by the federal governmental and other states, (2) a comparative analysis on how other states regulate the sale of spirituous liquor, define and regulate alcohol consumables, define and issue permits for the manufacturing or sale of alcoholic beverages, and define and regulate hours for on-premises consumption at a reduced price, (3) how to modify the process for selecting which spirituous liquor products can be sold in ABC stores, and (4) how to streamline the ABC permitting process. Allows the LRC to also study any other matters it deems relevant. Directs LRC to report its findings and proposed legislation to the 2022 Regular Session of the NCGA upon its convening.