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.
Through a brokerage account, you can buy and sell stocks, bonds, mutual funds, exchange-traded funds and other types of investments -- in some cases without having to pay taxes on the growth. Although you open a brokerage account through a broker, you can make the investing decisions yourself. Depending on the broker and type of account you choose, the commission (or fee) you pay can be as low as $5-$10 per trade. Hereâs what you should know before you open an account.