Still does for some ... I just passed 3 months and waiting (non cookie cutter trust).
Worst case some years ago ... waited over 12 months. Can arrives defective (outer sleeve cracked, originating in the serial number engraving). Gemtech asked ATF if they could expedite somehow, ATF said no. Gemtech handled the paperwork and paid the second $200, but I had to wait another 12+ months.