Glycyrrhiza uralensis Fisch. is prescribed as one of the original plants of licorice in Chinese Pharmacopoeia. This herbal medicine possesses numerous important pharmacological activities and has been used in clinic in China since ancient times. Glycyrrhizic acid (GA) is a triterpenoid compound isolated from G. uralensis and also one of the marker components for its quality control. Based on our pervious transcriptome study, three genes, the caffeic acid 3-O-methyltransferase gene (COMT), the β-carotene 3-hydroxylase gene (CRTZ), and the flavonoid 3’-monooxygenase gene (F3’H), were selected as our target genes due to their high correlation with GA biosynthesis. In this study, we investigated the regulatory effects of these genes on GA biosynthesis through gene editing and overexpression in G. uralensis hairy roots. We observed that all transgenic hairy roots were viable whether knocking out or overexpressing the three target genes, indicating that these genes had no impact on survival of hairy roots. However, compared with the wild type and negative control hairy roots, GA contents were significantly lower in hairy roots overexpressing COMT, CRTZ, and F3’H, while higher in those knocking out the three genes. Our findings demonstrate that the three genes, COMT, CRTZ, and F3’H, all negatively regulate the GA biosynthesis.