California, the first state to legalize medical marijuana back in 1996, became even more pot-friendly in 2016 when it made it legal to use and carry up to an ounce of marijuana without a prescription.
A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent âone who acts on behalf of a principal.
What is a Broker Account? Definition: What is a Broker Account? A broker account (also known as a brokerage account) is defined as an account that allows an investor to deposit funds and place investment orders with a licensed broker or brokerage firm. The broker carries out the transactions on the investor's behalf for a fee called a âcommissionâ.