INDIANAPOLIS – The fireworks industry is either booming or destroyed this season, depending on who you ask.
Firework sales aimed at your everyday consumer have never been better, but the federally regulated fireworks for big events are going to sit in storage this Independence Day.
Melrose Pyrotechnics in Kingsbury, Indiana, is sitting on 1.5 million pounds of fireworks that are illegal to sell to non-federally licensed consumers.
“Of course small companies like mine depend on lines of credit to finance inventory and then pay it back at the end of July,” explained president of the company, Mike Cartolano.
Since most firework events are canceled due to pandemic, the company won’t be able to pay it back. Last year, it hosted 340 big firework displays.