Green Dragon is an alcoholic beverage made from cannabis leaves. It is made by soaking cannabis leaves in 96% ethanol (although spirits such as vodka may be used instead). The active ingredients of the cannabis leaves, cannabinoids such as tetrahydrocannabinol, will then be absorbed into the alcohol. It is generally left standing for several weeks, at the end of which the ethanol solution is separated from the cannabis leaves, which will by then be a green colour (hence the name 'Green Dragon'). The rate of absorption can be increased by heating and stirring the ethanol as the leaves soak in it.

The manufacture, sale, possession and consumption of Green Dragon is in most places illegal.

There is also a cocktail known as 'Green Dragon', made from kummel, green Creme de Menthe and gin. Unlike the abovementioned Green Dragon, this one is legal in most places.