The Southern Tier Regional Drug Task Force found the drugs and a .40-caliber Glock 27 handgun at 94 Jefferson Street, where they arrested 19-year-old Thomas Oldshield.
Police say the serial number of the gun had been removed. They also found, and removed, ammunition for the gun. They also found counterfeit money.
Task force members say the investigation has been going on for quite some time, and is continuing.