Colorado's largest manufacturer of high-capacity ammunition magazines said it will leave the state if a package of gun control measures that's advancing through the state legislature becomes law, the Denver Post reports.
Magpul Industries Corp., officials claim moving from the Erie, Colo., location would cost the state hundreds of jobs and about $85 million in potential spending this year.
The Colorado bill, which received preliminary approval from the Democrat-controlled state House, bans individuals from possessing high-capacity ammunition magazines of more than 15 rounds but lets manufacturers to stay in Colorado and produce the devices. An amendment raised the number from 10 rounds earlier in the week. It also would require manufacturers to engrave each magazine with a serial number and date, the Post said.
"If we're able to stay in Colorado and manufacture a product, but law-abiding citizens of the state were unable to purchase the product, customers around the state and the nation would boycott us for remaining here," Doug Smith, Magpul's chief operating officer told the Post. "Staying here would hurt our business."
Via the Denver Post