The seizure and arrest came after Gardaí were called to the scene of a road traffic collision involving two vehicles in Clonakilty.
When Gardaí responded to the collision they noticed a smell of cannabis so they conducted a search of one of the vehicles.
They found €5,000 of suspected cannabis herb in the vehicle and arrested the driver. No injuries were reported to Gardaí following the collision.
As part of the investigation members of the Mayfield District Drug Unit and Cork City Divisional Drug Unit carried out a search at an address in Blackpool. During the course of this search an additional €5,000 of suspected cannabis herb, €3,000 of suspected ecstasy tablets and €24,000 of suspected cannabis oil was seized.
The scene was photographed by the local scenes of crime unit and the suspected drugs will now be sent to Forensic Science Ireland for analysis.
The man who was arrested was detained at Bandon Garda Station and later released without charge and a file will be prepared for the Director of Public Prosecutions.