Cannabidiol, or CBD for sleep, seems to be everywhere: in gummies, lotions, oils, vapes, toothpaste, even a high-end sports bra. It’s marketed as a treatment for anxiety, insomnia, pain, and PTSD. And while some of these claims have been backed by scientific research, others are unproven and possibly dangerous.

The FDA warns against using non-FDA-approved CBD products, as some may contain unsafe levels of chemicals (including pesticides, heavy metals, or THC) and/or could be mislabeled. The agency also points out that a recent study found that CBD can trigger liver damage, particularly in those taking other drugs with significant liver-affecting effects (such as benzodiazepines) and in people with certain underlying health conditions.

CBD vs. THC: Understanding the Key Differences

Clinical trials are examining CBD’s effectiveness in treating many health concerns, including PTSD, fibromyalgia, rheumatoid arthritis, autoimmune diseases, and cognitive impairment. However, it is too early to say if it can help treat addictions; preclinical studies suggest it might reduce drug cravings in people with opioid use disorder.

CBD may be helpful in promoting financial wellness by supporting healthy stress management and sleep patterns, which can improve the ability to work and focus on personal finances. It’s also been shown to help relieve the cost burden of chronic illness, making it easier for people to save money and invest in their futures. Combined with other wellness strategies, it can be a powerful tool in boosting financial well-being.