There have been economic woes in the state of California for quite some time, with many a solution being tabled.  The old “Should Marijuana Be Legalized?” debate is on the upswing and Governor Schwarzenegger needs to explore all possible avenues for revenue.  Would he look at this as a viable option?  While fiscally conservative, the guy has generally been socially progressive, which I guess is necessary when you marry into the Kennedy family.

Likely?  No.  But that doesn’t stop analysts from delving into the fray…

Here’s CNBC’s Jane Wells on marijuana’s possible boon to the economy in relation to the California wine industry’s post-Prohibition success, and how its legalization all comes down to marketing.