Smith & Wesson Brands president and CEO Mark Smith noted concealed carry makes up a 'pretty big portion' of the gunmaker's market when asked about the Supreme Court ruling this week.
"So just broadly on the ruling, I mean, it simply clarifies that responsible law-abiding citizens don't need to ask the government's permission to exercise their constitutional rights," Smith told analysts and investors on the company'son Thursday. "We obviously agree with this. And insofar as impact to concealed carry in our products, concealed carry is a pretty big portion of our market.
Smith said the ruling is expected have a "positive impact" on the company, though he acknowledged it is "probably too early to tell." The existing standard required an applicant to show "proper cause" for seeking a license. In order to show proper cause, residents had to show an "actual and articulable" need for self defense and that they face a "special or unique danger to their life.
"In this case, petitioners and respondents agree that ordinary, law-abiding citizens have a similar right to carry handguns publicly for their self-defense. We too agree, and now hold, consistent with Heller and McDonald, that the Second and Fourteenth Amendments protect an individual’s right to carry a handgun for self-defense outside the home," Justice Clarence Thomas wrote in the Court's opinion, referencing two previous gun cases.
ATLANTA, GA - APRIL 29: National Rifle Association members look over pistols in the Smith & Wesson display at the 146th NRA Annual Meetings & Exhibits on April 29, 2017 in Atlanta, Georgia.Fox News' Ronn Blitzer contributed to this report
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