Links:
https://thereload.com/dcs-highest-court-strikes-down-ammo-magazine-ban/
https://thereload.com/virginia-gun-sales-surge-as-democrats-move-dozens-of-new-restrictions/
https://thereload.com/supreme-court-skeptical-of-marijuana-user-gun-ban-in-oral-arguments/
https://thereload.com/analysis-the-path-for-the-government-to-win-scotus-weed-and-guns-case-member-exclusive/
https://thereload.com/analysis-have-gun-rights-advocates-found-a-way-around-the-machinegun-sales-ban-member-exclusive/
https://wvmetronews.com/2026/03/03/machine-gun-legislation-gets-jammed-up-in-west-virginia-senate/
https://www.texastribune.org/2026/03/05/tony-gonzales-drops-out-republican-primary-texas-23rd-district-congress/

Story links:
https://thereload.com/newsletter-digital-gun-designs-back-in-third-circuits-crosshairs/
https://thereload.com/third-circuit-tosses-challenge-to-new-jersey-3d-printed-gun-file-ban/
https://thereload.com/analysis-the-third-circuits-new-test-for-whether-3d-printed-gun-files-are-protected-speech-member-exclusive/
https://thereload.com/gun-accessory-maker-agrees-to-1-75-million-settlement-in-buffalo-shooting-lawsuit/
https://thereload.com/gun-sales-slow-in-january-despite-silencer-upswing/
https://youtu.be/-L9fwWdOJ50?si=qWq6ILWBi0mmJhdn
https://www.cnn.com/2026/02/12/us/video/firearms-expert-analyzes-masked-subjects-gun-and-holster-in-nancy-guthrie-disappearance-lcl
https://www.nbcnews.com/news/us-news/gun-trainers-nationwide-say-women-liberals-are-taking-interest-classes-rcna258195
https://www.washingtontimes.com/news/2026/feb/9/virginia-gun-owners-dealers-unload-states-proposed-firearms-crackdown/

There has been a rash of bankruptcies and acquisitions among AR-15 makers in the past year. Some of the largest producers, like Anderson Manufacturing, have shut down their operations. To explain what's going on, we have KE Arms director Russell Phagan on the show.

Phagan has been selling AR-15s and parts for over 20 years. He said the market has shifted significantly since the guns were first put on the market over 65 years ago. He said the gun's popularity was built on the back of bans, military adoption, and even pop culture prominence.

However, he argued the market dynamics have shifted the past two decades. They've become more dependent on the threat of new bans in a feast-famine cycle. And the 2020 surge was so large that Phagan argued it nearly saturated the market. Combine that with a handful of other demand-depressing factors, and things are looking grim for those specializing in ARs today.

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The spike in new gun owners seen from 2020 through 2022 is one we've spent a lot of time examining because it's very likely to have a significant impact on American society, culture, and politics. Gun owners generally see the addition of millions more Americans to their ranks as a positive thing, even while understanding uncertainty is what likely drove many of them to the store.

But Discourse Magazine editor David Masci wrote a piece recently noting the straightforward problem of high gun sales in an era where sales have come to serve as a kind of chaos meter. He joins the show to discuss the concerning idea that more people are buying guns because more people are feeling insecure in America. He argued that even if you believe in gun rights, as he does, that trend should be worrying.

We have a discussion about this particular implication of the recent shift in gun culture from a hunting-first mindset to a self-defense one. And we talk about the overarching factors that have led American society to this point, both good and bad.

Plus, Contributing Writer Jake Fogleman and I examine the Supreme Court's recent refusal to grant emergency relief to gun-rights plaintiffs.

Special Guest: David Masci.

Gun companies have long struggled to obtain and keep banking services in place despite government pressure in the form of Operation Chokepoint and private pressure from big banks refusing to work with them. But now, gun buyers are facing pressure too. Gun-control advocates convinced the organization that oversees credit card merchant codes to create one for gun stores in hopes of flagging "suspicious" transactions for law enforcement.

So, we have Larry Keane on to tell us how the industry is handling the change. He is the Senior Vice President of the National Shooting Sports Foundation (NSSF), which represents gun makers and dealers. They are the literal gun lobby.

Keane said the change is part of a larger plan to try and surveil gun owners. He said the goal is to restrict the ability of Americans to buy guns.

He said the code change alone is unlikely to significantly change how things work because the credit card companies are resisting flagging sales based on it. However, he said the goal is to not only track sales by merchant code but to reform the system to allow credit card companies to see every individual product somebody buys. That would effectively allow them to track, report, and block any gun sale to anyone in the country.

Advocates for the code change argue it could be used to identify patterns that indicate they may be planning a mass shooting. Keane said that's not realistic. He argued nobody has identified any discernable buying actions that reliably set them apart from the millions of Americans who buy guns every year.

He also talked about the industry slowdown that's started to show up in major companies' earnings reports. The two publicly-traded gun makers, Smith & Wesson and Ruger, saw huge dropoffs in revenue and profit. Keane said the downturn was to be expected after two years of record sales, and he isn't terribly concerned about it.

Plus, Contributing Writer Jake Fogleman explains Dick Heller's latest win over DC's gun restrictions.

Special Guest: Larry Keane.

Now, our neighbors to the north are testing out these expanded proposals in practice. It isn't going well so far. Program costs have already run over budget for the buyback portion of the mandatory buyback and details for it haven't even been announced yet despite a looming April deadline to turn in the affected guns.

As a result, very few Canadian gun owners have actually turned in their ARs a year and a half after the ban was announced.

To get a better idea of what's at play with the confiscation effort and how it's likely to play out going forward, I had Ian Runkle on the podcast to give us his perspective as both somebody affected by the ban and an expert on Canadian gun law. Ian is a Candian gun-rights lawyer who has litigated many cases involving the country's complex gun laws. He also owns AR-15s.

We talk at length about how the government has effectively incentivized people not to turn in their guns to this point and how he expects they may go about enforcing the confiscation order once it does go into effect. We also discuss the differences between gun culture in the United States and former commonwealth countries such as New Zealand and Australia. Ian weighs in on whether Canadians are more likely to resist the confiscation effort than their commonwealth cousins due to their proximity to their more rebellious American neighbors.

Ian explains how the national registry of AR-15s and other targeted guns in Canada will make resistance difficult for many. But, he says he expects the guns on the ban list which aren't registered will see a far lower compliance rate. He said that's especially true for a number of guns that people may not even realize are banned under the order given its vague wording.

We also discuss the impact the policy is likely to have on Native Canadians and how it mirrors the disparate impact of gun law enforcement in the United States.

Plus, Contributing Writer Jake Fogleman details how permitless carry just got a big boost in Georgia thanks to the impending gubernatorial election. And we look at how many millions of guns were sold in the United States during 2021.

Special Guest: Ian Runkle.

Busse spent decades in the firearms industry but left last year and has now published a tell-all book slamming his former employer, Kimber, and many former colleagues. Kimber has since denounced him, and many I've spoken to in the gun-rights movement have questioned how important he was to the company and the industry as a whole. Still, his book has received a great deal of attention throughout the media.

After reading the entire book, I feel it has many flaws common to the tell-all genre. It decries the excesses of the gun industry while extolling Busse's rise inside of it. Additionally, the book condemns how some in the gun-rights movement demonize those on the other side, but it often does the same thing in the other direction.

To his credit, Busse was willing to come on the show knowing he would face difficult questions. He responded to each of my critiques with his thoughts. And, he challenged me on several points as well.

I strongly believe in having conversations with those from all sides who are willing to have them. And Busse's critiques aren't all without merit.

I did my best to avoid a cable-news-style shouting match. Instead, I think we did a good job of not talking over one another. I much prefer having an exchange of ideas where each person can actually present their thoughts in their own words rather than being interrupted.

Of course, even an hour isn't nearly enough time to discuss everything in Busse's book. I know there were points where I wish I'd made one point or another. I'm sure Busse feels the same way too.

But, I think the conversation was worthwhile, and people ought to read the book so they can judge for themselves.

Plus, Jake Fogleman and I discuss how Democrats have begun to endorse the model set by the Texas abortion law. Except, they want to apply it to gun-control laws. We talk about how that could end up.

Special Guest: Ryan Busse.

I also cover the first-of-its-kind ruling holding the government liable for the Air Force's failure to share the Sutherland Springs shooter with the FBI which allowed him to buy his guns. And I dive into the emerging trend that gives us insight into how gun sales are likely to go for the rest of 2021.

Enjoy!

Special Guest: Tiffany Johnson.

Special Guest: Charles Cooke.