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.
Californians vote to legalize recreational use of marijuana in the state. Voters on Tuesday approved Proposition 64, making California the most populous state in the nation to legalize the recreational use of marijuana. The approval of the ballot measure creates the largest market for marijuana products in the U.S. It comes six years after California voters narrowly rejected a similar measure.