Yes, dissolving it in alcohol makes it "drinkable". But it tastes pretty bad, so it would be better to mix this "oiled" alcohol with something also for cover its taste.

It can also be mixed with anything that contains fat, like oil, milk, molten butter, molten chocolate and be used in a lot of recipes. But when cooking with it, dont make a very large meal, because drinking/eating weed works better with an empty stomach, so making a large pizza with this oil wouldnt work at all. For me, adding some drops of this weed oil in a small piece (some 5g) of molten chocolate works very well.

I dont know if eating just the weed oil would make one high. Maybe it would, but dissolving it in something (alcohol or fat) ensures its absortion by the body.

Note that eating/drinking weed takes some hours to kick in (usually 2-3h), and lasts for several hours.

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"Everything we do, everything we are, rests on our personal power. If we have enough of it, one word uttered to us might be sufficient to change the course of our lives. But if we don't have enough personal power, the most magnificent piece of wisdom can be revealed to us and that revelation won't make a damn bit of difference." Don Juan Matus - Tales of Power