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Hi @jin-out,
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It seems common in natural medicine that bitter plants seem to be good for the digestive system. In the Mercado Central in San Jose, Costa Rica they have a few herbal medicine stands. They have one for digestive issues named "armargo", which translate to bitter, you make a gallon of tea out of this bark and man it is hard to drink because it is so bitter.

Thanks for the reminder, I need to plant some ! (because it is indeed potent for digestive issue)

As for the usage for moxibustion, never heard of the usage of Arthemisa Absinthium, always heard and used Artemisia Vulgaris for this.
Do you know the differences between the two for moxibustion usage ?

Hey man, that looks like a great plant but I don't know if we have it growing wild here. I'll have to look into that.