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Why This Marijuana Stock Imploded 42% in October

TheMotleyFool

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Why This Marijuana Stock Imploded 42% in October

Medical marijuana upstart Insys Therapeutics (NASDAQ: INSY) had a ferociously frightening month, highlighted by the arrest of its founder, the setting aside of $150 million for lawsuits, and slumping sales. All this was behind a 42% crash in October, according to S&P Global Market Intelligence.

Insys Therapeutics' troubles stem from Subsys, a powerful fentanyl spray approved to treat breakthrough pain in cancer patients.

IMAGE SOURCE: GETTY IMAGES.

Source: Fool.com