Two nabbed in NT over 65kg of cannabis

Two men will appear in court to face drug charges after police seized more than 65kg of cannabis potentially worth millions.

Police said on Monday they had searched a storage shed, two hotel rooms and a home in Woodroffe in Palmerston, about 20km East of Darwin, on Thursday and Friday.

They say 65kg of cannabis was discovered in 144 individual 'pound' bags prepared for sale, along with a large amount of cash.

A further search revealed more cash and cannabis, two firearms and three large boxes of fireworks.

The seizure was "significant" for the NT Police, they said, and the total $133,000 in cash is believed to be the proceeds of crime.

A 51-year-old South Australian man was arrested in a hotel room on Friday and a 30-year-old man was arrested at a home in Woodroffe, in relation to the incident.

"If sold in Darwin, these drugs could easily fetch up to $800,000," Superintendent Tony Fuller said in a statement on Monday.

"If sold in remote Territory communities, however, these drugs could fetch at least 10 times that amount.

"It is satisfying to see a major drug supply chain disrupted and these drugs taken off the market."

Both men were charged with possessing and supplying a commercial quantity of cannabis and receiving the proceeds of crime. Both were remanded in custody.