$1 billion

The investigation, dubbed "Operation Beech", has led to the arrest of 12 people with alleged links to the Mexican drug cartel.

WA Police Commissioner Col Blanch said the operation spanned six weeks and involved intensive surveillance and resources.

"This was an opportunity to catch the syndicate - the group of people that were capable of receiving it, landing it and then distributing it across Australia," Commissioner Blanch said.

"The message from the WA Police Force is unchanged … we will come after you, regardless of where you live on this earth."

The Disney remake of the 1994 classic has achieved the feat less than three weeks after being released in cinemas.

The movie, which features the voices of Beyonce and Donald Glover, joins Avengers: Endgame, Captain Marvel and Aladdin in Disney's $1bn class of 2019.

As reported by Variety, director Jon Favreau's version is already the fifth-biggest global release of of the year.

In North America, it has racked up sales of around $361m (£267m) and $638m (£324m) overseas, with cinema-goers in China and Brazil leading the way.