Colorado's economy awaits impact of new gun laws
Some firearms companies say they'll leave, while hunting and sporting-goods operations fear a loss of business.
Observers of Colorado's controversial new gun laws are watching and waiting to see whether the restrictions will have an economic impact on the state.
Two new laws took effect Monday. One requires a universal background check on gun purchases, and the other enforces limits on the size of ammunition magazines sold in the state -- some of the strictest gun laws yet in the Rocky Mountain region.
Many people among Colorado's large population of gun owners aren't pleased, especially about the ban on high-capacity magazines. Gun-rights advocates say the laws will be a setback for the local economy.
And over the weekend, ahead of the law's enactment, the company gave away hundreds of 20- and 30-round magazines to adults at a "Farewell to Arms" festival hosted by a Colorado gun-rights group in suburban Denver. Those large-capacity magazines will be grandfathered under the new law.
Magpul says it directly employs about 200 people in Colorado and supports 400 supply-chain jobs while adding more than $85 million annually to the state's economy.
Last month HiViz, a Fort Collins company that makes gun sights and firearm accessories, applied for a $2.5 million grant from the Wyoming Business Council to help move its operations to Laramie. That city's officials estimate HiViz could have a local economic impact of more than $145 million over a 10-year span.
The Colorado magazine limit also affects sports and hunting operations. "I had to take guns off the shelf this morning because I don't have magazines that'll fit them," Cañon City Sports Outlet co-owner Jason Gardner told the Daily Record. "There are some guns that they won't make magazines for."
"This is a very poorly thought-out, irrational law," Paul Paradis, the owner of Paradise Sales in Colorado Springs, told Fox News on Monday. "And the shame of it is it's not going to stop one criminal from doing harm to anybody."
Sheriffs from 54 of Colorado's 64 counties have filed a suit against the new laws, saying they're essentially unenforceable. A preliminary court hearing on their legal challenge is scheduled for next week.
This was simply a knee jerk reaction supported by our illustrious Gov. Lickenpooper after the Aurora Theater shootings and in response to the Newtown school shootings. It will only serve to keep the honest folks honest and the criminals will still get their magazines elsewhere.
I hope to GOD that people in this state that I love come to their senses before it's too late. Time to take action in the voting booths!!!
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