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At 18 you can own a handgun, just can't meet the Federal requirements for purchasing it. You'll also have to get his ammo from a non-dealer source. My kids were given handguns before they were 21 and if they needed ammo I bought it. All perfectly legal.
Does your state actually issue a CCW to someone under 21 though?
Does your state actually issue a CCW to someone under 21 though?