In a fit of virtue signaling the socialists who run California dumped a huge tax on yachts.
This didn’t deprive their rich friends of their yachts, it just got them to relocate the yachts down to Baja, along with all the support jobs that used to provide a good living to a lot of Americans.
Of course considering who now runs California that may have been the idea right from the start- their close relatives in Ensenada could be in the yacht maintenance business.
Mexicalifornistan = Venezuela Lite.