Dale Cary Williams, 34, is being held without bond. He has been preliminarily charged with sale of methamphetamine, possession of methamphetamine, sale of marijuana, possession of marijuana and possession of paraphernalia.
Putnam County Sheriff's Department Chief Deputy Doug Nally said Williams was arrested without incident outside the home of one of Williams' relatives in the 4300 block of U.S. 231 in Greencastle late Thursday. Williams was booked into jail shortly after midnight on Friday.
"We didn't find a lab or anything, it was just product," Nally said.
Police discovered drugs in Williams' car when they conducted a traffic stop, Nally said.
Nally said Williams will likely be arraigned on Monday. He also said more arrests connected to Williams' alleged criminal activity may be forthcoming.
"There is the potential for more arrests," he said. "We expect to hopefully have some more."
Williams was convicted on Aug. 28, 2008 of Class C felony trafficking with an inmate. He was sentenced to eight years with three executed and five on probation.
Under the terms of a plea agreement in that case, charges of possession of and dealing in controlled substances against Williams were dropped.
According to information at the Indiana Department of Correction website, Williams was released from prison on May 20.
In the past, Williams has also been charged with operating while intoxicated, driving while suspended, criminal mischief, operating a motor vehicle while intoxicated endangering a person, operating a motor vehicle with a controlled substance in the body, domestic battery, intimidation, residential entry, battery and criminal trespassing.