The short answer, No.
There are two different types of CBD oil – hemp-based CBD oil (The CBD Oil by Hempworx, for Example) and marijuana-based CBD, which is what someone would buy at the dispensary. Both contain CBD, and they’re both derived from the cannabis plant, but Hemp and marijuana are two different varieties of the plant.
Marijuana-based CBD is generally going to have more THC and other cannabinoids. CBD oil does not contain THC which is the compound that causes a “high” feeling). This is an important distinction that many people don’t understand.
The variety that is used to make CBD oil is hemp. How is hemp oil different? A plant can only be legally considered hemp if it contains .3% per dry unit or less of the compound THC.