Well hey, look at other great Democrat success stories like Detroit and Chicago. Or Chevy Chase’s pronouncement of Cuba is a good example of how you can have socialism and capitalism and do very well. Shouldn’t Governor Moonbeam be part of this as well? (joke).
The result will have tremendous effect on Congress, since California could lose many members in the House of Representatives--imagine going from 51 to 38 (or even less!) members. And the state's agriculture could change to growing mostly drought-resistant crops and even see a huge decline in the wine industry, too.