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.
Leading up to the election, recreational marijuana use was legal in four states: Alaska, Colorado, Oregon and Washington, along with Washington, D.C. With the addition of California, Massachusetts and Nevada, the percentage of Americans living in states where marijuana use is legal for adults rose above 20 percent, from 5 percent.