CBD is non psychoactive, so if the goal is to get high, you have unrealistic expectations so I could understand your calling it snake oil.
CBD has an immense amount of benefits.
It interacts with the endocannabinoid system within our brains which helps regulate pain, mood, and memory, in addition to many other physiological and cognitive functions.
There's a reason pharmaceuticals companies are the only money lobbying against CBD and medical psilocybin. They don't want a Natural, easily accessible and effective alternative to money making drugs.