Detectives from Nuneaton Proactive CID arrested two men in connection with drug offences on Friday 5th June.
A spokesperson from Warwickshire police said: "They recovered cash and a mobile phone after they stopped a car in Avenue Road, Nuneaton.
The two men from Nuneaton, aged 19 and 24, were initially arrested on suspicion of being concerned in the supply of drugs.
The 24-year-old was subsequently arrested on suspicion of possession of class A drugs with intent to supply.
The two men have been released under investigation while enquiries continue."
Detective Constable Sian Cook from Nuneaton Proactive CID said: “The dealing of drugs in our communities causes untold misery and we remain committed to tackling the problem.”