On a tip-off from the anti-extortion cell about movement of drug smugglers, the police intercepted a car in Kasna area last night, they said.
During the vehicle's checking, huge amount of cannabis was recovered from it, an official said.
One of the man, identified as Gulfam, was arrested, while his accomplice managed to give police the slip, the official added.
According to the police, about 150 kg of banned drugs was seized and the duo had planned to sell it college students in Greater Noida.
"Greater Noida has over 60 management, engineering and medical colleges and altogether around two lakh students studying in them. These students are the soft targets of narcotics smugglers. We have appealed to colleges to keep watch on suspicious movement of persons and help police in getting them arrested," he said.