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A fully automatic machine gun is fired at a shop in Las Vegas. Nevada will divest from companies that profit from the manufacture or sale of assault-style weapons, state treasurer Zach Conine announced Thursday, June 2, 2022, adding the western state to the list of those that have exempted firearm businesses from their portfolios in recent years. (AP Photo/John Locher, File)

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Nevada will divest $89M in firearms company investments

Nevada will divest investments valued at $89 million in companies that profit from the manufacture or sale of assault-style weapons, state treasurer Zach Conine announced Thursday. The decision adds the state to the list of those that have exempted firearm businesses from their portfolios in recent years.

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