schwag

Low-grade or commercial-grade marijuana.

The stuff tasted good, better than the usual shwag. I handed him his pipe back, then pulled out my wallet. "Is twenty good?"

Alternative form of swag (“trinkets or promotional items given away at an event”).

National pride deserves something more than a fistful of freebies from a governmental schwag bag or the wearing of any one of the staggering array of commercially available pins.

inferior; low-grade