This is what I found on RD.COM:
What is CBD oil exactly?
CBD—or cannabidiol—is a type of cannabinoid, a family of molecules typically associated with marijuana, but in fact, also found in other plants and even humans (in us, they’re called endocannabinoids). There are hundreds of different cannabinoids in marijuana. The best known is tetrahydrocannabinol, or THC, a chemical in marijuana that targets and binds to certain receptors in the brain to give you a high. CBD is non-psychoactive and non-addictive, and it seems to bind to multiple target sites, thereby affecting a range of systems throughout the body.
How do you use it?
Extracts of CBD—either from marijuana or hemp (a cannabis variant that is essentially free of THC)—are sold as an oil or in tinctures. You can also get CBD via a transdermal patch, capsule, sublingual spray, gel, cream, or vapor. Some contain pure CBD extract (or so they say); others—particularly if you’re in a state where recreational marijuana is not legal—will contain hemp extract, which includes CBD as part of its makeup. As of this reporting, recreational marijuana is legal in nine U.S. states and medical marijuana in 29. Don’t miss these 50 weird things that are banned in the United States.
What is CBD oil used for?
Healthy folks vaguely looking to add a little spring in their step (via better sleep, reducing anxiety, or easing muscle soreness) drizzle a little oil into their smoothie or latte. They might also spot-treat with a dab of oil in problematic areas. In the past several years, published papers have suggested that the compound can help with a spectrum of medical conditions, including anxiety, Alzheimer’s disease, addiction, arthritis, inflammatory bowel disease, fractures, migraines, psoriasis, and pain. In an animal study, purified extracts of CBD and THC appeared to slow the growth of a type of brain tumor.
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Information provided by RD.COM.
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