Compare the expense ratio to other companies or previous reports. Once the expense ratio is calculated, it can be used to evaluate the financial health of an organization. If the expense ratio is increasing over time, the company may be losing its pricing power or not managing its costs effectively.
Washington and Colorado became the first two states to legalize recreational use of marijuana for adults in 2012, followed by handful of other states since. The potential effect of legalizing marijuana for recreational use has been a topic of considerable debate.
Seven states and the District of Columbia have adopted the most expansive laws legalizing marijuana for recreational use. Most recently, California, Massachusetts, Maine and Nevada all passed measures in November legalizing recreational marijuana. Californiaâs Prop. 64 measure allows adults 21 and older to possess up to one ounce of marijuana and grow up to six plants in their homes.