A man caught driving a car with about 24 kilograms of cannabis inside and several wads of cash says he didn't know the drugs were there.
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Police believe the stash found on the Hume Freeway had a street value of $300,000 to $500,000.
Benjamin Worters, 43, was behind the wheel of the Holden Crewman, which was towing a horse float, on the freeway on Wednesday.
Police intercepted the car about 10.40am at Barnawartha, near the Yarrawonga exit.
The Wodonga Magistrates Court on Thursday heard two Wodonga officers pulled over the car and Worters agreed to let them search it.
The court heard $3536 was found in a bum bag, $1000 found in the centre console and $1035 found in his wallet.
Two bags were found on the rear seat which allegedly contained vacuum sealed bags of cannabis.
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The haul, which was covered by a blanket, weighed about 25.4 kilograms.
The weight of the drugs without the bags was about 24 kilograms, which is just shy of the 25 kilogram weight for a commercial quantity.
Worters has been charged with drug trafficking.
The bags and drugs will undergo forensic tests for DNA and to determine the exact weight.
Worters told police he was driving from Melbourne to an undisclosed location to deliver a horse float.
He didn't say who he was dropping it off to.
His phone rang with a blocked number while he was with officers.
The 43-year-old later made a no-comment interview.
Senior Constable Travis Aylmore said there was "concern that he will flee the state and head to Queensland or somewhere else" if bailed.
"I think he may be a flight risk," he told magistrate Ian Watkins.
Worters has links to Far North Queensland.
His lawyer James McKenzie asked that he be bailed to Cann River.
He said his client denied knowledge of the drugs and didn't accept the calculation of the street value.
Mr Watkins refused Worters' bail application.
He will return to court on June 16.
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