GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.

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GB Group Ord Shs > Black market vs Legit market

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Comment by EddySantanaon Feb 06, 2018 12:48pm

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Post# 27511926

RE:RE:RE:RE:Black market vs Legit market

Very good points - it's so difficult for underresourced authorities to keep up with their laundering/distribution methods. I read that a lot of the people who may have obtained licenses for them have clean criminal records. Taxation regime needs to be perfect because people will compromise their health/safety for a buck. Also wondering if legalization will eventually increase demand for harder substances.

MartialArts wrote:
Agreed and it all depends on what you are looking for. Would I buy vodka from the Hells Angels? No Would a price-sensitive buyer would? Maybe?

If you buy no-name food, you'll buy the cheapest products. If you aim for quality, you'll go for a well known product from a well know source. At least in North America.

Will the Hells Angels collect and redeem taxes? No
Will that get them in trouble? Yes.

The tax collection component here changes everything. It will be interesting to see for example, what happens between medical and recreational marijuana since that appears to be a huge loophole at the present. What does it cost to get a MMJ prescription? Which doctoc will now be relunctant to issue a prescription once the "illegality" is removed?

The use of medical marijuana for recreational purposes will continue to be the grey market but the grey market will move from "Joe's headshop" connected to criminal elements to Shoppers Drug Mart connected to known, quality driven, mega corporations like APH, ACB and WEED.

Joe's Headshop with Hell's Angel produced tainted products of unknown quality will continue to survive but would I buy my meds from a well known source or from a shady place?