One of the most legendary firearms companies in American history is now a subsidiary of a Czech Republic-based corporation.
Česká Zbrojovka Group SE has acquired Colt for $220 million, acquiring a 100% holding of the American gunsmith. Colt is famed as one of the first major manufacturers of AR-15 and M-16 rifles, with the company equipping military service members in Vietnam and subsequent wars. Vietnam veterans in large part were among the first Americans to buy AR-15 rifles as civilians, having become familiar with the family of rifles in the southeast Asia conflict.
Colt had declined in prominence in the American firearms market for one primary reason- they stopped making AR-15s. Colt AR-15’s remain some of the most highly sought rifles by American gun collectors, but the company ceased manufacturing new ones for civilians in 2019, making them for law enforcement and the military only. Many had speculated that Colt made the decision in response to criticism from the gun control lobby.
Colt still owns the specific “AR-15” designation patent, having originally purchased the rights to manufacture the rifles from Armalite. AR-15 rifles have since become America’s semiautomatic civillian rifle of choice, and are available in a wide variety of configurations.
Colt’s decision to stop producing their most popular firearms may have been immensely premature, as well. Sales of AR-style rifles have exploded in 2020 following the Chinese coronavirus epidemic, with rifles consistently sold out at major retailers and online gun stores.
CZ expects to close the deal giving it full ownership of Colt in the second quarter of 2021. The move transfers ownership of a storied American gun manufacturer- which has produced and sold guns since 1836- to a European parent company, and may even have some national security implications.
If you’re in lawful commerce of firearms, it’s probably not a good idea to allow pressure from Democrats and haters of gun rights to dictate your business strategy.
2A Revolution: The Number of Concealed Carry Licenses Issued in Ohio Almost Doubled In 2020
Gun grabbers take another L.
2020 was a monster year for gun sales. The unrest that ensued following the death of George Floyd motivated millions of Americans to get strapped. As cities became hellscapes filled with looting and random acts of violence, Americans learned real quick that the most reliable form of defense in such chaotic times is the right to bear arms.
In addition, a substantial number of Americans took their gun ownership to the next level by applying for concealed carry licenses. Some figures from states such as Ohio suggest that 2020 was also a record year for the issuance of concealed carry licenses. According to Cam Edwards of Bearing Arms, data from Attorney General Dave Yost’s office uncovered that approximately 100,000 concealed carry licenses were issued to Ohioans in 2020.
These figures are the most since 2016 and represent a 78% increase since 2019. More specifically, Ohio sheriffs issued 96,892 new concealed licenses, while 72.340 ohio gun owners completed license renewals. 2018 and 2019 were the top two years for renewed concealed firearms licenses.
Ohio is currently ranked as the 23rd most pro-gun state in the nation according to Guns & Ammo magazine’s ranking for most pro-gun states in America. Additionally, it’s ranked in a sub-par 34th place for states most friendly towards the concept of concealed carry. Ohio’s gun laws still need work, but the state is moving in the right direction after it recently passed a bill to strengthen its Stand Your Ground laws.
The Second Amendment remains a powerful issue and America First proponents would do well to embrace it during election season, when there are many angry gun owners ready to pounce on anti-Second Amendment incumbents and candidates.
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