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.
In November 2014, Guam became the first US territory to legalize cannabis for medical use. In December 2014, the US Virgin Islands passed a bill that decriminalized possession of cannabis up to an ounce. In Puerto Rico, medical cannabis was legalized on May 3, 2015, by an executive order from its governor.