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.
A brokerage account is a type of taxable account that you open with a stock brokerage firm. You deposit cash into this account either by writing a check or linking it to a checking or savings account at your bank. Once this cash is deposited, you can use the money to acquire many different types of investments.