Alright lets break this down word by word
"Dank"
adjective, danker, dankest.
1. unpleasantly moist or humid; damp and, often, chilly:
a dank cellar
"Bud"
noun
1. brother; buddy (used in informal address, as to one's brother or to a man or boy whose name is not known to the speaker).
Just be glad I'm your bud/ She hid out with various buds and in runaway shelters
"Collective"
noun
4.a cooperative enterprise or unit, such as a collective farm
Source: www.Dictionary.com
Surely this will clear up any confusion about our guild having any connection whatsoever to illegal drugs.