No, Medicaid, nor any other insurance, will pay for CBD (cannabidiol) oil. This holds true even if it is prescribed by a physician. To explain, despite the growing popularity of using CBD to treat medical conditions, it has not been approved by the FDA (Food and Drug Administration) for this purpose.
There are no health insurance companies in the United States that will cover CBD oil or even medicinal marijuana, even if it's prescribed by a doctor. Health insurance will not cover the costs even when a patient hands over a prescription at a dispensary.
There are basically two ways to go about buying CBD oil in Florida. One involves obtaining a medical marijuana card, for which you must have one of the state's qualifying conditions. For everyone else, you will have to resort to buying hemp -derived CBD oil with less than 0.3% THC.
First, the oil extract cannot contain "any quantity" of THC — not just less than. 3%. In other words, the CBD must both contain zero THC and be derived from one of the five identified parts of the cannabis plant, otherwise it is illegal in Idaho under current law.
Rite Aid said it will start selling CBD creams, lotions and lip balms in Washington and Oregon this month, following other drugstore chains in testing public demand for cannabis -based consumer products, the company announced Thursday. CBD products will be sold in more than 200 Rite Aid stores across the two states.