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.
How a brokerage works. If you want to invest in stocks and other securities, what you're looking for is a stock brokerage. You start a brokerage account by filling out an application and sending cash to the brokerage. The brokerage firm then acts as your representative to buy stock.