I believe that Floyd was on parole. The drugs, associating with the drug dealer, the counterfeit bill, were all likely to be used to send him back to prison, and he knew it.
Ah, I knew he was a felon, but I'd thought he'd finished his full sentence ("paid his debt to society" and all that).
This is new information to me; or I'd forgotten since the affair started, what with the election fraud and COVID-19 vaccines and that freighter blocking the Suez Canal and predictions of nuclear war with Russia over the Ukraine and all.