Haha Thanks man, its on a hotplate now(outside of curse) and its very little amount how much time will it take it apporx?Yes, you can use ethanol. Anything over 150 proof will work to make a tincture. If you want oil, use grain (190-195 proof).
Personally, I wouldn't use ISO. It isn't safe for human consumption. It is an industrial disinfectant and solvent.
Can you? Sure, but you better be pretty good at distillation. Ethanol is safe to breathe and drink. Well, in moderation anyway.