All articles tagged with #grey market
Five years after legalization, New York’s cannabis scene appears booming, yet many legitimate shops struggle due to slow licensing, complex regulations, and a large grey market that undercuts pricing and muddies public perception.
Chinese customs have apprehended a smuggler attempting to transport 420 M.2 SSDs worth around $32,984.94 from Macau to Zhuhai by strapping them to his body using tape. This incident is part of a trend where individuals try to avoid customs duties in China by smuggling tech components, such as iPhones and CPUs, for resale on the grey market. Despite the risks, many continue to use this method due to the potential for lucrative profits.
Chinese customs intercepted a man attempting to smuggle 420 M.2 SSDs, worth approximately $32,984.94, into mainland China from Macau. Smuggling of hardware from regions like Macau and Hong Kong is common to avoid Chinese customs duties and take advantage of the country's substantial grey market for consumer electronics. The smuggler bypassed packaging and taped the SSDs directly to his body to maximize the quantity transported.