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.
Brokers make money by charging commissions on each trade and collecting fees from investors. It's important to understand how these commissions and fees work. First of all, most brokers require a minimum deposit in your brokerage account. It's similar to a bank account, and the broker will withdraw money from it every time he or she needs to make a trade.