In a large mixing bowl, combine the heavy cream and sweetened condensed milk. Whisk at medium speed for 3-4 minutes until fluffy.

Gently stir in the licorice extract and food coloring if using. Mix until integrated.

Carefully fold the mixture with a spatula to maintain texture while ensuring even flavor distribution.

Pour the mixture into an airtight container and smooth the top. Seal tightly.

Freeze for at least four hours or overnight until solid and scoopable.

Let it sit at room temperature for 5-10 minutes before scooping into bowls or cones.