The price of pot is going down, way down, as more people launch large-scale industrial grow operations to supply the state's dispensaries and makers of weed-infused goodies.
The precipitous declines of the past several months are likely to continue, say experts, resulting in massive changes to the nascent industry as more operations rethink the structure of their businesses to take advantage of the cheap cannabis crop.
The cost for a pound of pot has been sliced nearly in half over the past several months, from $2,400 to $2,600 last October to $1,400 to $1,600 last month, according to data from California-based Tradiv, an online marijuana wholesaling marketplace and a 2015 graduate of local accelerator Canopy Boulder.
And while prices started 2016 around $2,100 on Denver-based competitor site Cannabase, they dipped to a low of $750 per pound in June before rebounding to a $1,400 monthly average.
"Over the last year, we've seen a steady decline in prices," said John Manlove, Tradiv's director of sales.
