I think there is some confusion about the legalities of owning lasers...
I have never read anywhere that ClassIIIb lasers are illegal to own. They are, however, illegal to import.
Australia is the exception... there you cannot use a >1mW pointer in public.
As far as I know, there is nothing illegal about owning or using a >5mW laser. Importation is regulated, and as long as your laser has FDA compliant safety features and an accession number, there is no reason you cannot import the device.
ALL laser devices, including those under 5mW must be regulated and have the proper warning labels and documentation (and safety features, if applicable) in order to be sold legally.
I think the only law regarding public use of laser pointers above 5mW is that you cannot direct one skyward within 10 miles of an airport and you cannot use it to harass people, point at vehicles, or occupied buildings.
A 30mW laser is legal to use, but illegal to import unless it is fully FDA compliant.
Most of us (if not all) ignore this and import >5mW pointers anyway.
Regarding safety features...
The safety features, such as key interlock, delay, etc., do not prevent accidents. Accidents happen regardless. This is why secondary safety precautions (i.e. goggles) are recommended for higher power lasers. In my opinion, however, use of your brain is worth more than safety features and goggles combined.
So, Jacob, there is nothing illegal about using a >5mW pointer in public as long as you are not using it as an instrument of delinquency.
However, the regulations and laws vary from state to state, or country to country, so if you are really concerned, you may want to do some research on local laws. Generally, though, I wouldn't worry about it.