Two friends from high school had just gone into business selling guns in New York when the Sandy Hook Elementary School massacre prompted state lawmakers there and elsewhere to try to ban so-called assault rifles.
For Edward Newman and Peter Morrisey and their company, Dark Storm Industries, the crackdown brought new opportunities.
Neither man had experience in the firearms business. They’d worked for years at a security company on Long Island. After developing the entrepreneurial itch, they explored going into organic cosmetics before settling on firearms. Soon, they learned the real money was in manufacturing, Newman recalls.
The gun that buyers wanted more than any other was the type that the Sandy Hook shooter used to murder 20 children and six adults on Dec. 14, 2012: the AR-15-style semiautomatic rifle.
Read more at Bloomberg.com
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