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(1) A person commits the offense of possession of explosives if he or she possesses, manufactures, transports, buys, or sells an explosive compound, flammable material, or timing, detonating, or similar device for use with an explosive compound or incendiary device and:

(a) Has the purpose to use such explosive material or device to commit an offense; or

(b) Knows that another has the purpose to use such explosive material or device to commit an offense.

(2) For purposes of this section, the term “explosives” does not include fireworks that are not prohibited by federal statutes.

(3) Possession of explosives is a Class E offense.