Yeah it does. Kind of a contradiction to what they put on the label. If it has a warning not to use around food crops it doesn't make sense that you could smoke the stuff. I've never used it. But looked it up and found that warning on the label. I haven't had PM, bud rot, or bugs for years so I'll just keep doing what I've been doing. But if others find value in the product and want to use it on a consumable crop that's their thing. I'm going to avoid it due to the warning on the label. I've found that they put as little as legally possible on the labels for these types of products so if it's there it's because they have to put it there. They can get away with making statements on the website because it isn't scrutinized by various agencies that have to approve the package labeling.
The MSDS has it listed at 3 Severe Hazard for health
http://www.physan.com/uploads/4/7/1/3/47130233/physan20_msds.pdf