The troubled 44-year-old, real name Sean Waltman, was stopped at customs and officials found the drugs. He was trying to fly to the UK for an IPW event in Clapham.
IPW (International Pro Wrestling) promoters wrote on Saturday night that they could not contact the wrestler. He was due to star at their event last Sunday.
TMZ have reported that airport police were called to the scene and Waltman was arrested at LAX.
He was then transported to jail for possession of a controlled drug.
It was then noticed that Waltman had a previous outstanding warrant for a prior DUI arrest.
He has since been released after his $35,000 bail was met.
Waltman, who began wrestling for WWE (then WWF) as the 1-2-3 Kid in 1993, was an integral part of the second D-Generation X stable from 1998 to 2000.
He briefly left for two years between 1996-1998 to join rival company WCW, where he wrestled under the name Syxx.
Waltman has spoken out about how he supports the use of marijuana in the past, and even had the slogan ‘Your a** is grass and I’m gonna smoke ya’ on the back of his official WWE t-shirt back in the late 90s.