The invention relates to traditional Chinese medicines and health-care foods, in particular to a medicinal and edible product for improving sleep and regulating emotion, which is prepared from the following raw material medicines in parts by weight: 10-30 parts of lily, 10-30 parts of poria cocos, 10-30 parts of spina date seed, 10-30 parts of oyster, 5-25 parts of cape jasmine, 10-30 parts of coix seed, 5-20 parts of fingered citron, 5-20 parts of lotus seed and 5-20 parts of mint. The medicinal and edible product provided by the invention has the effects of improving sleep, regulating emotion, relieving mental stress, worrying about fear, dysphoria, sentimentality and discomfort, depression and weakness, is different from chemical medicines, does not generate dependence, is safe and reliable, and can be taken by a patient for a long time.