It depends on the context in which you use it..It can mean a variety of things...itâs all in the context.
Example one: âDid you dank todayâ
Meaning:did you smoke weed today
Example two: âdude I want dankâ
Meaning: dude I want weed
Example three: âNah bro Iâm dankingâ
Meaning nah bro Iâm smoking weed
Example four: âI dankedâ
Meaning:I smoked weed
All you really need to know is that dank is weed or anything that has to do with it.