The Civilian Marksmanship Program is well known as the go-to place to buy surplus military firearms, so the Government Accountability Office recently tallied up how much money the nonprofit has generated from selling tens of thousands of M1 Garand rifles over the past decade.
Looking backward nine years from 2017, the GAO reports that the government-chartered CMP has brought in $323 million in revenue. About 61 percent of those earnings comes from selling M1 rifles, many of which were used in World War II and the Korean War.
"The primary source of CMP's revenues from fiscal years 2008 through 2017 was from the sale of surplus rifles, which, according to CMP's internal financial documents, generated $196.8 million in revenue," according to the GAO.
The National Defense Authorization Act (NDAA) for fiscal 1996 authorized the CMP to sell certain types of surplus Army firearms to U.S. citizens, including M1 .30 caliber rifles. The program reimburses the Army for the costs to prepare and transport surplus firearms to the CMP, according to the GAO report.
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1 comment:
Northwest Woodsman: Please don’t let any democrat/Marxist find out about this program or it will be attacked like the NRA.
Although a rifle with a wooden stock that is semiautomatic and only holds eight rounds is not as scary looking as an AR15/M4/M16 and physical appearance is the criteria used for demonizing them. Disregard that the .30 cal cartridge is more powerful than the 223/556 chambered for AR style weapons.
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