(CBSNEWS) — Walmart is leaving the firearms business in New Mexico later this month after the state expanded background checks last week to nearly all firearms and required licensed dealers to facilitate private party transfers. The retailer first posted in-store signs about the decision June 28.

The Bentonville, Arkansas-based general merchandiser already conducts background checks for firearms it sells in the state’s 34 federally licensed stores, but a spokesperson said the company is concerned that the new law put into effect July 1 would require it to facilitate private transactions for weapons it does not sell.

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