The men were arrested following a stop check on a vehicle in Bordon High Street on June 30, and after questioning were bailed until September 23 while enquiries continue.
A number of warrants were also carried out in the town on the same evening and a small quantity of suspected class-A drugs were seized at four addresses.
No arrests have yet been made.
The arrests and searches were part of Operation Fortress, which is a campaign involving police and other agencies to reduce drug-related violence.
One of the aims is to restrict the supply of drugs and officers are keen to hear from anyone who is concerned about illegal drugs or drug-related crime in their neighbourhood.
Things to look out for are a sudden increase in visitors to a house or flat with people only staying for a short time, short exchanges between small groups of people at, or close to, a flat or house, residents leaving a flat or house on numerous occasions throughout the day and returning a short time later, people loitering in an area and using their mobile phones frequently, and new-looking or hire cars parked outside a house or flat that would not normally be there, with the driver being a person one would not normally associate with the style of car.
Anyone who has any concerns can call the police on 101, or 999 if a crime is in progress, or Crimestoppers anonymously on 0800 555111.





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