In a large mixing bowl, combine 2 cups of heavy cream and 1 cup of sweetened condensed milk. Whisk on medium speed for 3-4 minutes until fluffy, resembling soft peaks.

Gently stir in 1-2 teaspoons of licorice extract and optional food coloring.

Fold ingredients together using a spatula, ensuring the whipped cream's light texture is maintained.

Pour the mixture into an airtight container, smoothing the top and leaving space for expansion.

Cover tightly and freeze for at least 4 hours or overnight.

Before serving, let it sit at room temperature for 5-10 minutes if too hard to scoop.