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.
What Is the Difference Between a Cash Brokerage Account and a Margin Brokerage Account. When you open a brokerage account, you have to pick between a so-called cash and margin account type. A cash brokerage account is one that requires you to deposit cash and securities, in full, by settlement, in order to engage in transactions.