Colorado’s green goldrush is turning into something of a bummer for some would-be marijuana-growing mavens, as an oversupply of pot is causing wholesale pound prices for the state’s booming recreational market to drop dramatically. But with retail prices not following suit, it’s pot shops, not consumers, who are making bank on the price drop.The wholesale price is the price paid to growers by pot shops, edibles manufacturers and others.

According to Cannabase, an online wholesale marketplace, the average monthly asking price per pound for wholesale buds has declined by a full third so far this year. In January, the average price was $2,106 per pound; by June, it was $1,402.

Too Much of a Good Thing? Colorado Pot Glut Prompts Wholesale Price Plunge