Hi Smoking monkey

A have a couple of observations that might help:

Firstly, soaking your bud in water is a new one on me, I'm just a little curious as to why?
I'm guessing you must have been using 'fresh' weed, otherwise, if it was dried and 'cured', it wouldn't have a chlorophyll taste?

Ideally, you'll need to use dried bud in future, remove the stems and seeds etc, and grind it to a fine grain powder (very important for the extraction process).

Also (again assuming you use dried bud), there is no need to mix the oil with water as you describe. Instead, simmer gently (between 100 to 140 degrees centigrade) in straight oil until it is a dark green. (MVP has a good picture of how it should look in his brownie thread). Also, no need to strain out the weed that way either.

I'm guessing, you'll be get some effects out of it though.
Here's hoping it's just a slow starter.