Happy Monday readers! We’re almost half-way through February, with the last few weeks of winter coming our way. It won’t be long now before we get outside more and watch the green grass growing.
Speaking of grass, it’s time to start the week with yet ANOTHER 4/20 topic!
Each state here in the country brings in a certain amount of Gross Domestic Products (or GDP) every year. Gross Domestic Product is the monetary measure of market value of all final goods and services produced during each period of time. Usually the measurement is a quarterly or yearly rate. This measurement doesn’t reflect differences in inflation rates of cost of living within each county.
Every year, each state is ranked based on how much profit is being fueled into the economic system. The data is compiled together to determine which state has the highest Gross Domestic Product.
The numbers are in…the state with the HIGHEST GDP (again!) is…California.
That’s right people – California currently has the highest GDP in the nation. California brings in the most profits for the nation’s economic system.
How high is California’s GDP? California’s economy is SO big that it is ranked the 6th largest in the world. The Golden State is making twice as much as New York City every year. Over a third of the GDP is produced within the Los Angeles and Orange counties (which isn’t surprising being that this is where the entertainment capital is located!).
Ok…at this point, you’re probably wondering what ANY of this has to do with the 4/20 community. Let me explain – California leads as the state with the most exported products within the nation. They produce the most goods and services for their audiences; not only that, but they ship those goods all across the states. When California’s economy grows, so do the surrounding states as well. It’s as if the United States was tied together under this secure web that was bundled together by the state of California.
With cannabis being legal since January, California’s GDP will only grow that much higher. What’s also intriguing about California’s economic PR miracle is that it will benefit the other 49 states as well. California’s GDP boom will help through:
- Exportation – With so much cannabis products being manufactured within California, there is such a large demand from the audiences; other than Californian citizens, citizens from other states want the product as well. California has always been a leader of exportation and adding cannabis products/services to the list would be tremendous help. States (mostly the 4/20 friendly ones!) will be able to sell high-quality cannabis goods that was made from California. Many states still suffer from conservative laws that prevent high-scale manufactured cannabis goods from being made. With California producing lots of cannabis products, many states will receive their slice of the pie by exporting their goods.
- Reputation – Being that California is already generating MILLIONS of dollars through cannabis, their economic reputation will surely be flourishing. That economic boom will echo all across the nation, making waves for years to come. This PR miracle will start conniving other states to go to pot (LITERALLY!) for more funding. That funding could help states with improving roads, public schools, homelessness, and other social-economic problems they face. California struck gold once again and audiences from all across the nation want to get in on this 21st century Gold Rush that is happening.
And with that, California being the leader in Gross Domestic Product is definitely a great thing for the United States. California will continue to export their high-quality cannabis goods across the nation and their economic boom will surely be a PR miracle to keep track of. Each state (whether 4/20 legal or not) will benefit from California’s growing economy through cannabis products and goods.
This is right here is what success looks like. Boston should pay attention to economic PR ideas like this one if they are looking for GDP growth of their own.
If we want to figure out economic growth, we should stat from taking a page from The Golden State.