Why not? Explosives used to be readily available at every hardware store. Dynamite used to be a common farm item.
I know people with the land to safely use bazooka's if they chose to do so. Strangely enough I don't think most large scale artillery is restricted. I'm reasonably certain you can own all the cannons you want. Hopefully someone can provide more details on that, I'm sure there are a couple cannon owners on here.
It all goes back to the fact, if your too dangerous to be trusted with a firearm, you are too dangerous to be allowed among the public unsupervised.
Edit: I'd love to have a panzer, unfortunately I don't think I'll ever have the money.
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