Todd Phillips' Green Hat Films banner has picked up film rights to Guy Lawson's Rolling Stone article Arms and the Dudes to develop as a potential directing vehicle for Todd Phillips.

The project follows two stoners who became major arms dealers.

The story chronicled the tale of David Packouz and Efraim Diveroli, who won a $300 million contract from the Pentagon to arm America's allies in Afghanistan. The two made 85 deliveries of munitions to Afghanistan worth more than $66 million before their arms-dealing careers were cut short when federal agents raided their Miami Beach offices in Aug. 2007, culminating in 71 counts of fraud.

No production date has been set.