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.
Definitions of brokerage account. 1. âyou can't get a brokerage account unless you have $20,000â. an account with a securities brokerage whose transactions are settled on a cash basis. an account with a securities brokerage in which the broker extends credit.