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2.
When you have run out of marijuana, and need some more.
Raditude: Yo, we're code green here, can you hook us up with an O Z, for 90?

Dealer: Sure, come on by.
_________

Raditude: Hey man, load another bowl.

Friend: Dude, we're code green.

Raditude: Dammit, this sucks.
by Raditude September 28, 2009
 
1.
Code Green is when you are in need of marijuana. An emergency, if you will.
Me and George ran out of weed. This is a code green.
by Trevor Morris April 08, 2007