Both men, aged 36 and 38, have been charged with possession of a Class B controlled drug, possession of a Class B controlled drug with intent to supply and possessing criminal property. The 38-year-old is also charged with transferring criminal property.
They are expected to appear before Derry Magistrates Court on Friday, May 19.
As is usual procedure, all charges will be reviewed by the Public Prosecution Service.
A 36-year-old man remains in custody at this time.
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