CHARLOTTE, N.C. -- Charlotte Mecklenburg Police have arrested one after a UNCC student was shot following a prearranged drug transaction that turned into a robbery.

Authorities responded to a shooting around 1:15 p.m. Thursday. When they arrived, police said they found a UNCC student shot in the chest. The victim was transported to the hospital. Authorities said Friday he was in stable but serious condition.

"As far as I know they have not been able to remove the bullet from him," CMPD said in a press conference Friday.

After an investigation, CMPD determined that the incident was a prearranged meeting for a drug transaction. During the meeting, the suspects robbed the victim of a handgun and cash, then one shot a gun which shot the victim.

Police also said they found marijuana and multiple guns after they obtained a warrant to search the residence Thursday afternoon. Inside the home, they said they found four and a half pounds of marijuana as well as seven weapons. CMPD said they determined the weapons to be two BB pistols and five long guns which consisted of three riles and two shotguns.

CMPD arrested 20-year-old Blaise Bennett who lived inside the home. He has been charged with two counts of felony possession of marijuana and possession of marijuana paraphernalia.

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"None have been reported stolen thus far in our investigation," CMPD said. "I am very disturbed by the amount of arms found inside the residence."

During Friday's press conference, authorities also discussed the safety of UNCC students following the incident and encouraged students to be proactive in keeping their communities safe.

"It's very unlikely a student is going to be a victim of a violent crime unless a student takes the steps to put them in harms way," CMPD said. "I'm shocked no one had called 911 about this house."

According to police, the suspects in the shooting were seen fleeing the scene in a gran Nissan, heading east of Old Concord Road, away from the UNCC campus. Police arrested one person at the scene but said they are expecting to make more arrests.