A marijuana plant is seen at Tweed Marijuana Inc in Smith's Falls
A marijuana plant is seen at Tweed Marijuana Inc in Smith's Falls, Ontario, March 19, 2014. By unlocking the once-obscure medical marijuana market, Canada has created a fast-growing, profitable and federally regulated industry with a distinct appeal to the more daring global investor. About a dozen producers of the drug will find themselves in the spotlight this year as they consider going public or prepare to so through share sales or reverse takeovers to capitalize on recent regulatory changes, investment bankers said. Tweed Marijuana Inc, which converted an old chocolate factory into a marijuana farm, led the pack by becoming the first publicly held Canadian company in the sector. Picture taken March 19, 2014. Reuters/Blair Gable

Canadian police have seized marijuana weighing more than 400 pounds. The marijuana which has been held in Hamilton is valued to be more than $1 million. A couple of men, aged around 23, were arrested. They were charged with several offences related to fire-arms and illegal drugs.

According to CBC News, marijuana dealers will find it difficult to digest the fact that Hamilton police have rescued marijuana of such a huge quantity. "A seizure that large would definitely affect how much people can access the product," Division Three Acting Sergeant Rich Vanderboom said, "You will definitely notice it at the street level. It'll take a fairly substantial time for this to recover. It's not like a dealer can just call someone up and say 'resupply me.'" Vanderboom said that this seizure would be a major setback to the drug network in the city. "We knew that there was a significant quantity, but exactly how much we did not know," Vanderboom said.

The process of seizing marijuana started several months back when there was a traffic violation, and drugs were found. The network structure was followed. Police found more than 400 pounds of vacuum-sealed marijuana in a home in Glanbrook and in a storage unit in Mississauga on May 26. The marijuana was ready for distribution along with drug processing equipment and a semi-automatic handgun. In addition, police managed to seize a 2014 Kia Forte and a 2014 Audio S4 Quattro. The Spec reported that it was a team of officers from the H.E.A.T., vice and drugs, and gangs and weapons enforcement units that executed warrants.

According to Vanderboom, this was the largest seizure of processed marijuana that he had seen in his career. Even though the price of the amount is valued to be $1 billion, it is expected to have been sold at a much higher price at the street level.

Call Crime Stoppers at 905-522-8477 to provide any relevant information that may help the investigation.

Contact the writer: s.mukhopadhyay@ibtimes.com.au