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.
That's why other states should follow the example of Colorado and Washington and legalize the recreational use of marijuana. Harnessing the power of entrepreneurs is much more productive than fighting it. On January 1, Colorado legalized the sale of small amounts of marijuana for recreational use. Later this year, Washington will follow suit. Alaska, Arizona, California, D.C. and Oregon may be the next states to permit cannabis businesses.