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 makes California the largest state in the country to legalize recreational use of marijuana by adults 21 and older. While marijuana remains illegal under Federal law, California penalties for possession of less than one ounce of marijuana, for non-medicinal reasons, will no longer be enforced, Kleiser said.