Cannabis has been used for millennia as a pain-relieving substance. Evidence suggests that cannabinoids may prove useful in pain modulation by inhibiting neuronal transmission in pain pathways. The oil has the ability to relieve chronic pain and inflammation, which is why cancer patients undergoing chemotherapy often turn to cannabis oil for relief. It’s also why it can be a part of natural fibromyalgia treatment.
Hemp oil contains some of the same terpenes as dried cannabis bud. Terpenes are the aroma molecules found in plants. Beta-caryophyllene (pepper) and myrcene (musk) are both been found in hemp oil.  According to recent research, beta-caryophyllene acts as a cannabinoid in the body. It engages some of the same cell sites as smoked cannabis. In particular, the terpene interacts with cell receptors that regulate the immune system.  Myrcene has been found to have antidepressant and anti-inflammatory effects. It also acts as an antioxidant and helps molecules move across cell membranes. The combination of essential fatty acids, vitamins, antioxidants and healing terpenes make hemp oil one powerful superfood.
Hemp oil is a "drying oil", as it can polymerize into a solid form. Due to its polymer-forming properties, hemp oil is used on its own or blended with other oils, resins, and solvents as an impregnator and varnish in wood finishing, as a pigment binder in oil paints, and as a plasticizer and hardener in putty. It has uses similar to linseed oil and characteristics similar to tung oil.[31]
Typically, pharmaceutical companies making cannabis-based medicines have sought to isolate individual compounds from the plant. But Mechoulam strongly suspects that in some cases those chemicals would work much better in concert with other compounds found in marijuana. He calls this the entourage effect, and it’s just one of the many cannabis mysteries that he says require further study.

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