It just occurred to me, how about a maionese? It has water, fat and an emulsifier.
You could infuse, say olive oil and that would contain the cannabinoids
Vinager for the water content
Mustard as an alternative source of lecithin (mustard has lecithin in it)
Or egg yolk also a natural emulsifier (also has lecithin)
I’ll try and look up for other natural emulsifiers.