Yes, LICORICE is a Scrabble word!

Letter values in Scrabble US: L 1, I 1, C 3, O 1, R 1, I 1, C 3, E 1.

Is it a valid word?

LICORICE is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

deep-rooted coarse-textured plant native to the Mediterranean region having blue flowers and pinnately compound leaves; widely cultivated in Europe for its long thick sweet roots
a black candy flavored with the dried root of the licorice plant

Also: glycyrrhiza glabra.