It appears that biggest cash crop in California is... how did you guess...? marijuana. From driving down the coast, I always thought it was brussels sprouts.
Here is are article that discusses one way out of the state budget crises, but it will require more resolve out of Schwartzegger than he had as a Terminator...
www.breakingviews.com/2009/02/06/Legalising%20ganja.aspx
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