A pet leash system for holding a pet in a controlled manner is provided. The pet leash system comprises a leash housing and a length of leash retractable into the leash housing. A dispenser compartment is mounted to the leash housing. A plurality of waste collection bags is storable in the dispenser compartment. A storage pouch is mounted on the leash housing. A clip mechanism mounted to the leash housing releasably secures the leash housing to an object.