POLICE say they have intercepted a sizeable drug deal that was set to go down following a vehicle stop at Moonee Beach that netted 800 grams of cannabis.
Officers uncovered the drugs inside a Nissan four-wheel-drive on Thursday and then swooped on a house at Mastrocolas Rd at 1.30pm that afternoon.
Police say two men were taken into custody.
With investigations into the matter continuing, there have been indications that police may have busted a small drug syndicate operating between Coffs Harbour and Grafton.
Coffs Clarence Crime Manager Detective Inspector Darren Jameson said the search warrant also uncovered a stockpile of prescription medication.
"We'll allege we located some cannabis and also a large quantity of prescription medication," Inspt. Jameson said.
"Those restricted medications are pain relief style medications and each of those tablets would have a street value of around $50 so we are looking at around $100,000 in prescription medication here.
"The cannabis we have located so far would have a street value of in excess of $25,000
"We have two men who are assisting us with our enquiries.
"We have got a 47-year-old male who has assisted us up at Grafton Police Station and a 49-year-old male who was taken into custody at Coffs Harbour Police Station.
"We will allege $4,800 in cash found on the 47-year-old male is the proceeds of crime from that criminal syndicate.
"They are assisting us with our enquiries, but our investigations are continuing
"We are still focussing in on drugs at the moment.
"It is the drug growing and cultivation period and we will continue to target that using the information the public give us.
"We will continue our fight and investigations into drug crime in this command."
The 49-year-old from Coffs Harbour man was charged with supply and possession of a prohibited drug to appear in Coffs Harbour Local Court on March 25.
The 47-year-old Grafton man has been granted bail to appear in Grafton Local Court on March 17.