CBD is an not quite an acronym rather a nickname for Cannabidiol which is one of the over 100 different Cannabinoids found in the Cannabis plant. Any easy way to look at it is as one of the "active ingredients" in marijuana. It is important to note that CBD is not psychoactive though, which means it will not produce a sense of being "high". For reference sake, it is a different Cannabinoid called THC that produces the euphoric high affect associated with Marijuana.
CBD can be separated from THC or derived from CBD dominant hemp plants to produce a number of CBD products intended for consumption by humans. The variety of products seems to be growing by the minute but CBD oil is the most common product that is then used to create things such as capsules, gummy chews, elixirs or tincture and even vape juice. CBD flower is also quite common and can be inhaled or "smoked" via traditional tobacco smoking methods.
These products are then consumed with the intent of gaining relief from a wide variety of very common ailments including:
This is only the beginning because studies about the health benefits and natural healing powers of CBD have really only just begun. Two CBD based medications have been approved by the FDA at this point and the evidence shows that CBD has the power to be a safe and powerful natural treatment for a variety of health issues.