A high-powered sport boat, two vehicles and hundreds of thousands of dollars worth of marijuana have been seized in the latest drug raid in Victoria.

Police in the B.C. capital say 45 kilograms of marijuana was intercepted as police wrapped up a month-long investigation.

Sgt. Grant Hamilton says two men are under arrest in Victoria but he can't say if corresponding arrests were made south of the border, where the drugs were destined.

He says the pot has an estimated street value of $500,000 and another $60,000 in cash was seized during the bust.

A nearly 10 metre Fountain speedboat has also been confiscated, along with a 2005 Mercedes and a 2007 Ford F-150 pickup.

Hamilton says police are now consulting with the civil forfeiture office about an application to formally seize the high-end property under proceeds of crime legislation.