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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is “ripping you off." Months later, it's not clear if California's Legislature is following him.

Newsom, a Democrat, called lawmakers into a rare special session in December to pass what would be the nation's first penalty on excessive oil company profits. But the bill is still sitting in the Democratic-controlled Legislature three months later, with no details on how much the penalty would be or when oil companies would have to pay it.

Shail Shah shareholder at GreenbergTraurig. He has experience working as a lawyer at the California Franchise Tax Board FTB. Executive Committee member of the Tax Section for the California Lawyers Association CLA.

Revenues from the sale of legal marijuana in the state have dropped nearly 10 percent last year – the first recorded drop since the drug was legalized nearly five years ago.