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.
Tuesday's vote marked the third attempt to legalize recreational marijuana in Alaska, following unsuccessful measures in 2000 and 2004. The state's voters legalized medical marijuana in 1998. Prior to Tuesday's vote, 23 states and the District of Columbia had legalized marijuana for medical purposes, while Colorado and Washington were the only states to allow recreational marijuana use.