This is correct.
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I remember once reading a statistic the Boulder county has the highest number of NFA owned per person than any other county in the US.
Maybe when I was at CU in 2008?
A local gunsmith/Boulder County Sheriffs Deputy told me something similar to that as well. Was probably 6-7 years ago? Actually might have been around the time of Sandy Hook, I remember having a long conversation with him after I picked up a couple FAL parts I had him refinish for me. He was a kit builder as well, built FALs and had a couple AKs.
I don't keep statistics or anything like that, but subjectively it seems like I've done a significant number of NFA Trusts for Boulder folks.