As part of ongoing patrols targeting local drug distribution networks, Gardaí stopped and searched a car in the Fairhill area of Cork City on Thursday.
Suspected cannabis herb worth €5,000 and the large sum of cash were found in the care and the driver, aged in his 30s was arrested.
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A follow-up search of an apartment in the Passage West area found a further €35,000-worth of suspected cannabis, accompanied by a small sum of cash and drug paraphernalia.
The man is currently being held in Gurranabraher Garda Station and investigations are ongoing.