If Idaho moves forward and other states follow its lead, what will emerge is a gray market in noncompliant insurance coverage, not unlike the gray market in legalized marijuana.
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Another issue: trading in the gray market doesn't mean much.
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A gray market of cheap, low-quality options would pop up.
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"Playing in the gray market is not an option," Garzot said.
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"There's no gray market opportunity," a member of the Ara team says.
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Increased regulation could amplify the problem and further enable the gray market.
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Such signature wares, he noted, are often funneled into the gray market.
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Blemished books also seem to feed the gray market for "new" books.
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Strict rules about pet food imports also stoke a gray market trade.
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The gray market is by no means restricted to the United States.
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Still, that doesn't mean the gray market doesn't come with risks in India.
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Even food products and contact lenses find their way into the gray market.
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In 2011, a wholesaler that supplies watches to gray market sites, Boneta Inc.
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Trump's fixer Michael Cohen emerged from the same galaxy of gray-market hustlers.
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But in other cases, the gray market is home to black-and-white fraud.
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"Trends happen in the gray market first, then follow into the mainstream," she said.
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The deal was trading tighter in the gray market on Tuesday afternoon after launch.
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Even Nike couldn't force Amazon to clean up all the gray market stuff, unauthorized distribution.
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Publishers and authors, deprived of income and royalties, have long worried about this gray market.
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In retail parlance, it's called the gray market — goods that are sold outside their normal channels.
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It's called diversion or gray-market production, and it's comprised of expired or totally counterfeit loot.
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The gray market is a marketplace where hacking services are offered to government and corporate clients.
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The NSA also reportedly purchased exploits from a France-based gray market company known as Vupen.
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Randall said that brands vary in their efforts to keep products out of the gray market.
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While carmakers prefer importing their own vehicles, Beijing has been encouraging alternative channels, fueling gray market growth.
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Because no royalties come from the gray market, they wager, there is no benefit to used bookstores.
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Presented By Warner Bros We all know about the black market, but what about the gray market?
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That kind of profit attracted him to start his own gray market business of selling airline miles.
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Sometimes it also means posing as a gray market buyer, then tracing the products' serial or lot numbers.
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Munger says this leads to her competing on Amazon both against the product manufacturer and gray-market sellers.
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The campaign involved Swatch halting supply of watches to dealers who sold their products to the gray market.
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The entire gray market was a fantasyland of pure finance, and it all centered on the Starcitizen_trades subreddit.
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S. alliance and the gray market riches being made by Chinese students selling Australian products back to China.
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Live recordings traded on the gray market; unauthorized remixes; and popular songs kept off streaming services for whatever reason.
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The Legality Of It AllThe gray market refers to products that are sold through unofficial or unauthorized distribution channels.
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But the gray market doesn't have some of the trappings of commercialization which some people would like to avoid.
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"Secondhand was 'the gray market' and it was dirty and no one wanted to hear about it," he continued.
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"No qualification is needed," said an executive who used to work for Beijing-based Yueda Investment, a gray-market lender.
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"The gray market guys don't even know what they sit on half the time," Huang said in an online chat.
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A lot of estimates on the black or gray market activity are pretty fuzzy, but it's already the status quo.
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Gray market dispensaries sell edibles, although many in Toronto have stopped following the Project Claudia raids by the Toronto police.
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Gray Market: Five men in New York were arrested for selling counterfeit perfumes made with ingredients like urine and antifreeze.
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The move could kill India's thriving gray market for Juul products, where wealthy vapers buy kits for $100 or more.
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These are called "gray market goods" — products obtained through channels that are technically legal, but are unintended by the original manufacturer.
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This practice, known as diversion or gray-market production, siphons as much as $63 billion of U.S. industry sales a year.
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The world of online beer trading tends to run as a "gray market," but this bottle seems fully in the black.
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And why are people like myself, who are enrolled in the legal MMPR program, still forced to frequent gray market dispensaries?
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It's only Day One, but the gray market trade in Apple's new iPhone is already in full swing in Hong Kong.
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In a sense, the N95 gray market represents a metastasized version of crises that have come to define American health care.
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We think the market opportunity for the non-black or gray market is much greater and in the trillions of dollars.
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The result is a "gray market" where residents are legally allowed to grow and carry marijuana, but not sell it outright.
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The instructions come as gray-market margin financing business appears to have revived, adding fuel to this year's sharp stock market rally.
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The high-skilled immigration program does have a legitimate gray market fraud problem, which regulators have recently begun to crack down on.
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And these dev-fused iPhones, available on the gray market for four or five figures, are the perfect tool to do that.
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So that is true for producers and consumers as well, so I think this will continue to operate in a gray market.
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The company has been carrying out "uncompromising actions" - against gray market dealers in Europe, the Middle East and South America this year.
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Amazon will now look to acquire more "gray market" Nike products to fill in the inventory gaps Nike's departure will leave behind.
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A new Chinese fee on packages purchased abroad may bring down a multibillion-dollar "gray market" for luxury goods in the country.
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At least one luxury watch brand — Rolex — has been at the center of a yearslong legal battle with a gray market merchant.
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It suggested economic sanctions for piracy and gray-market game sales, and it advocated for aggressive enforcement and punishment for pirates themselves.
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It said some developers had put only 10 percent down on projects and raised the remaining funds through bank and gray-market loans.
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"The problem with (product diversion) is twofold," said veteran investigator Michael Kessler, whose firm, Kessler International, helps manufacturers rein in the gray market.
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Sure, these dormant accounts might be reanimated by their owners—or they might be bought on the gray market on sites like playerup.
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Dillman was granted permission by Health Canada to use medicinal cannabis but prior to legalization was getting his product from gray market dispensaries.
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Seemingly nobody agrees on what should be done with zero-days, in part, perhaps, because the gray market for them is so secretive.
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Brokerages Phillip Securities and Bright Smart said the shares closed at HK$89.65 and HK$90.40, respectively, in gray market trade on Tuesday.
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It's expected that they will issue a "reference price" that will be based on trading in the gray market as well as fundamentals.
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They were lucky: tickets sold on the gray market reportedly rose to more than 20 times the original price due to high demand.
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As its name suggests, there are no statistics on the gray market and few dealers are willing to explain how the system works.
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The congress did not, for example, formally recognize the growing role of a gray market in one of the world's most state-controlled economies.
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As a rule, don't buy from tabletops or unauthorized mall kiosks or websites (often called "gray market" sellers because it's a gamble on authenticity).
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Gray-market sellers are unauthorized dealers of excess inventory who sell below the minimum advertised pricing agreed to by manufacturers and their authorized retailers.
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It's now working with Shopify and Darkstore to deliver shoes, avoiding the "gray market" issues that arose when selling its products directly on Amazon.
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The unnamed U.S. gray market dealer agreed and said that Richemont's Jaeger-LeCoultre and Vacheron Constantin and Swatch's Breguet are also easy to source.
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VICE reached out to black and gray market operators from different sectors of the industry to find out what their plans are post-legalization.
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Players like Eric Swann are not supposed to fall through the cracks like this, let alone into the gray market weirdness of semipro football.
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California, the heartland of America's medical marijuana and gray-market weed industries, is one of several states expected to pass a legalization measure this fall.
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The United States is the second-biggest market for Swiss watches and is a hub for gray market watches, with online platforms such as Jomashop.
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Overproduction and overpricing are forcing watches into the gray market and younger people don't want to buy watches at official sellers, instead choosing to go online.
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And, while it might be tempting to buy a product marked half-off on a website, shopping the "gray market" can be questionable, if not dangerous.
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Patients Reuters spoke to said doctors often turn a blind eye to them accessing drugs through the gray market, and some actively help them do this.
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The FBI and the National Security Agency (NSA) have utilized the "gray market" in order to aid in unlocking phones, according to a report from Slate.
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There's big money to be made in re-selling luxury vehicles to "China's gray market," according to one man who experienced it first-hand, Travis Simpkins.
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In the so-called gray market, where consumers hire home care workers directly and often pay them under the table, the proportion is likely far higher.
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Watch brands appear to perceive gray-market businesses as adversaries — even if some dealers maintain that brands quietly appreciate how their sites help to offload inventory.
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" He asserted that Amazon representatives would tell him over the phone: "If we don't get it, then we're going to source product from the gray market.
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His murder, never solved, was rumored to be connected to his decision to change the way the company bought ads, potentially cutting out gray-market middlemen.
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Juul is experiencing an unintentional bump in popularity in India, thanks to online and brick-and-mortar vendors who are reselling it on the unofficial gray market.
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These gray market operations would be a lot more profitable if you could smuggle multiple iPhone handsets in one go, which people certainly keep trying to do.
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Such differences have encouraged the growth of a gray market, fed by people buying products in Europe and selling them back in Asia where prices are higher.
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With most of my spare money from the previous two years tied up in video game spaceships, the only avenue I had available was the gray market.
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In March, Fisher went after Wells Fargo, Oesterlund's main link between the name-brand financial-services world and the gray market of offshore shell companies and trusts.
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More from VICE: I also spoke with owners of black- and gray-market chemical companies, some of whom said they'd be willing to show me their labs.
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Brands also worry about their products being sold next to counterfeit and gray-market items — an issue that Alibaba in particular has struggled with in the past.
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Such measures leave intact the inflated retail prices that make the gray market possible and which critics say benefit manufacturers and their retail intermediaries, pharmacy benefit managers.
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Meanwhile, BC and Ontario, the two provinces with the highest concentrations of gray market dispensaries, will have one and zero weed stores open on October 17, respectively.
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SHANGHAI (Reuters) - China's securities watchdog is tightening scrutiny over gray-market margin financing, barring brokerages from facilitating shadow lending and warning against risks of another credit-fueled bubble.
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Reselling products that have been purchased at retail is legal — a so-called "gray market," rather than a black market — but Trader Joe's does not support its resellers.
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We've observed an emerging "gray" market of apps that are ostensibly dual-use but, for a variety of reasons, we believe are designed for and marketed to abusers.
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If the DREAMers lose DACA protections, many of them will lose their jobs and end up needing to take different, lower-paid work, often in gray-market scenarios.
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The wording has led to a kind of gray market in which parents share names of "vaccine-friendly" doctors by word of mouth or in closed Facebook groups.
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Back then, everything I tried came from the "gray market"—unregulated online shops where you could buy all sorts of chemicals designed to be analogs of illegal drugs.
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The question is whether and to what extent they will linger as businesses across the country transition from an unlicensed or gray market to a regulated, legal one.
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Instead, fans are once again left scouring stores, hoping to find an NES Classic miraculously in stock, or otherwise left to pay outrageous markups on the gray market.
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Major tech companies like Apple inform US Customs and Border Protection about which "gray market" parts—often used in repairs by professionals—to be on the lookout for.
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By Ellen Barry A sprawling gray market has taken shape around Delhi's vast unmet need for shelter, with private operators controlling who sleeps where and for how long.
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We worry about some of these caregivers drawing huge amounts of marijuana and then selling it in the gray market, and then selling that into a black market.
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That pushed brands like Cartier into buying back stocks languishing at distributors in recent years, to stop them being dumped at discounted prices on the so-called "gray" market.
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For much of the 2000s, as the music industry worked its way online and as rap's center of gravity moved south, those margins were the gray-market mixtape industry.
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When they first meet, Jianqing and Xiaoxiao are in an "ant tribe" of young people making a living vending gray-market goods while also hustling for their big breaks.
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And when she could not find a more lucrative job after graduation, she stayed in Melbourne and in the booming gray market for selling Australian goods to Chinese consumers.
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He said that in some cases operators in the gray market are cooperating with the brands, removing new models from sale when asked or reducing discounts manufacturers consider excessive.
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With 210,13 yuan in hand, Zhang, who was willing to disclose only his family name, borrowed 21,21.5 yuan from a gray-market lender named Gu Zhang Gui six months ago.
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This makes costly drugs like Botox popular in America's "gray market," where distributors divert drugs with foreign labels into the United States and sell them to doctors at a discount.
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Some premiere tickets were so coveted that they were being sold on the gray market for more than 613 yuan ($74.14), versus an average of 60 yuan across cinemas nationwide.
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In the gray market, where phones are sold without official government licenses, they're sometimes preinstalled with less popular app stores, which accounts for much of the fragmentation in market share.
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See how Dina Wein Reis sweet-talked her way into a gray market fortune, and find out who finally brought her down, on an ALL NEW "American Greed," Thursday, Sept.
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That's the focus of a new Motherboard investigation this week, which claims there's now a gray market for "dev-fused" iPhone prototypes that have been stolen from Apple's production lines.
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Some fans in China paid more than 500 yuan, or $74.14, for "Endgame" tickets on the gray market, far more than the average 60 yuan average price at cinemas nationwide.
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" In 2015, Simpkins writes, "the Chinese government endorsed the gray market by creating a program that makes it easier for Chinese dealers to bring in vehicles directly from foreign markets.
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Swiss watchmakers say they loathe this "gray market" because high discounts damage the meticulously crafted aura of prestige and make it harder to sell their goods at the full price.
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Another gray market dealer said he will sometimes withdraw watches if asked by manufacturers and that brands regularly offer U.S. dealers packages of 20 or 20 pieces at a discount.
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Ye, in her 30s and a general director at Bo Ying Asset Management, is one of the thousands of gray market lenders operating in the shadows of China's colossal capital markets.
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Because I agreed to the legal jargon that gets me into the website, all of that data is up for sale—potentially through a sort of gray market for dating profiles.
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Criminals sometimes target cryptocurrency investors, or people with short, unique Instagram usernames that can then be resold in a secondary gray market for stolen accounts, as a recent Motherboard investigation showed.
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The outlet reports that the FBI spent $1.3 million to pay a gray market company to unlock an iPhone used by Syed Farook in the 85033 shooting in San Bernardino, Calif.
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While that is well beyond the reach of the average North Korean, an expanding gray market economy has given rise to a growing consumer class known as "donju", or "masters of money".
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By cracking down on the ability of employers to hire undocumented migrants, the bill ensured the continuation of an unstable gray-market labor economy, with the concomitant ever-present fear of crackdowns.
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I would assume there's a big gray market for this stuff, where folks who maybe don't have the right to sell this stuff are probably lending it, maybe it's off the table.
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In other words, without factoring in what's likely to be a thriving gray market in India, analyst reports estimating the number of iPhones shipped to India only tell part of the story.
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In fact some provinces have gone so far as to disqualify you if you were involved in the gray market from now being in the industry, which is completely ridiculous and counterproductive.
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A shrewd product placement on a popular soap opera in China has propelled a Western breakfast cereal to frenzied popularity in the country, sending prices up almost ten times in the gray market.
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The new bonds fell before they were officially sold, shedding as much as 0.2 percentage point in the so-called gray market, where investors trade them on a when-issued basis, traders said.
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"The news on tackling the gray market is really encouraging - you need to create the appearance of scarcity in luxury goods, otherwise they become commodities," said Jon Cox, an analyst at Kepler Cheuvreux.
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Mr. Boneta said in a recent telephone interview that no charges were filed and that he expected the gray market to endure, even if brands reduce production or improve their online retail presences.
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Among them were cars from cheaper "gray market" importers, rather than authorized Honda dealers that tend to honor repair contracts, according to a story in The Wall Street Journal, which first reported it.
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While Uber pressed its "gray market" dealer to make the repairs faster, Uber opted not to take the cars off the road, noting that it would cost about $1 million and cause panic.
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Reis eventually pleaded guilty to a single fraud count and served a 19-month federal prison sentence in a scam that experts say is all too common in the shadowy, multibillion-dollar gray market.
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Furthermore, by giving brands a direct connection between them and the customer, TrueFacet can control prices and reduce some of the brand dilution that comes from gray market goods being sold at steep discounts.
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It wasn't that Amazon was specifically seeking to mark down the luxury items as much as the site had to compete once "the same items were being flooded by a gray market," Kwon explains.
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MILAN (Reuters) - Shares in Volkswagen's truck unit Traton were trading on the gray market at around the mid-point of its initial public offering price (IPO) range ahead of its market debut on Friday.
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A common customer complaint about gray market sites is that their watches do not come with the brand warranties, the repair and support pledges that are a hallmark of many top-end Swiss makers.
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Thousands of cannabis companies in California are now weighing whether they should register with local governments, pay local taxes and be regulated like all other businesses, or continue to operate in the gray market.
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In 2015, the glut of inventory in Hong Kong made its way to the gray market, forcing both Richemont and Swatch Group to embark on costly buyback programs to shore up their brands' reputations.
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In the gray market sales are often clinched in small, shabby stores or via online platforms that do not have most of the watches in stock and source them only when orders are placed.
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SHANGHAI (Reuters) - China's securities regulator said it will investigate increasing incidence of new types of "gray market" margin finance in the stock market, according to a statement on its official micro blog account on Friday.
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Last year, Uber apparently bought over 1,100 Honda Vezels from one of these gray-market companies, even though the model had been recalled for a faulty electronic component that could overheat and cause a fire.
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Dev-fused iPhones that were never intended to escape Apple's production pipeline have made their way to the gray market, where smugglers and middlemen sell them for thousands of dollars to hackers and security researchers.
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" The US Department of Justice, for its part, has said that gray market goods are legal to import as long as they are not substantially different from the original product; this is called "parallel importation.
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Meanwhile, as citizens scramble to keep their inanimate objects alive, the local authorities are complicit in this patchwork arrangement, taking payments from the gray-market generator operators and perpetuating a nation's struggle to stay wired.
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The China Securities Regulatory Commission urged investors to stay away from gray-market margin lenders, which are not licensed to conduct securities businesses and are sometimes involved in illegal activities, it said in a statement.
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Depending on the severity of a vulnerability, zero days sell on the slightly-more-legal-than-black market known as a gray market for tens of thousands to more than a million dollars a piece.
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In another scenario, players do business as a white dude with a business degree who gets into the "gray market" pot trade after he saw how marijuana eased his father's chronic illness before his death.
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But on the border, the signs of North Korea's economic dependence on China are evident in a shadow economy of cash couriers, short-term workers and gray-market trading that has persisted despite the sanctions.
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According to interviews with former federal agents, gun retailers, and lawyers, two problems underpin this expanding gray market: First, long wait times incentivize quick workarounds like solvent traps that can easily be converted to silencers.
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On a trip to the countries' border, our Beijing bureau chief saw a shadow economy of cash couriers, short-term workers and gray-market traders that has persisted despite years of sanctions against North Korea.
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Unlike fakes, gray market watches are legal, authentic goods sold by their rightful owners, though they generally come without factory warranties because brands refuse to service watches that are not sold via their official networks.
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"With these types of quasi-commercial bots, it probably means someone went on a black market or a gray market and they purchased a certain number of tweets from a certain number of accounts," Morgan said.
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Newly permitted retailers will rely on a hodge-podge of marijuana producers in the state's illicit "gray market" to stock their shelves for the next six months, until state-licensed growers can harvest their first crops.
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The original Spectacles launched in 2016 with a very successful marketing campaign that resulted in long lines and a gray market where sellers could demand a hefty premium on top of the $130 suggested retail price.
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The filmmaker Shaunak Sen, who spent two years researching the city's sleep vendors for a documentary, "Cities of Sleep," discovered a sprawling gray market that has taken shape around the city's vast unmet need for shelter.
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Even when abortion is banned by a state, affluent women generally have access to safe abortions, either through the "gray market" of doctors who quietly perform them or by their ability to travel to other jurisdictions.
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Some investors have even turned to the gray market for financing as they tried to maximize their gains in the rally, although China's securities watchdog is gradually tightening its scrutiny over this form of shadow lending.
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Betting on sporting events is one of America's favorite pastimes, even if an estimated $150 billion is wagered annually in a gray market controlled by bookies and legal offshore sportsbooks, according to the American Gaming Association.
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In the private, gray market, where companies such as Zerodium buy exploits from researchers and sell them to their customers, a method comprised of multiple bugs that can jailbreak the iPhone is valued at $1.5 million.
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They're navigating a newly formed unofficial gray market, wary of fraud and price gouging by going through these nonstandard channels but also desperate to provide anything that might give doctors and nurses even a slight advantage.
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Barnett said Amazon pressured PopSockets to lower the price of its products on the platform and said if it failed to do so, the company would source product from the "gray market," or third-party sellers.
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In Vancouver, the City Cannabis Co dispensary, which is licensed by the city and awaiting provincial retail approval, was still operating, despite a government suggestion earlier this week that existing "gray market" shops close until fully licensed.
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"Knowing that everyone who's been in the marijuana gray market for the past 20 years has very likely had an encounter with law enforcement, we want the people with experience to stay in the business," Lyman said.
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"There are many sources for gray market watches: authorized retailers who want to get rid of slow-selling models, country distributors or even the brands themselves," said one watch industry executive who asked not to be named.
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He also said some of the major gray market players will get out of the game because they've already made a lot of money and don't want to deal with the wrath of the Canada Revenue Agency.
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This gray market channel made up roughly 14 percent of all imported cars in China in 2017, almost double the 7.7 percent in 2014, according to data from China's biggest auto importer, Sinomach Automobile Co Ltd (600335.SS).
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The result, analysts say, is likely to be a funding squeeze for China's struggling firms, which have depended on these banks for life-or-death credit and could now be pushed to costlier borrowing or gray market offers.
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As someone who has reported in and around questions related to nuclear programs and gray market economies, I am startled by the lack of attention and clarity that is obvious in the way these stories are being reported.
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Rather, fraudsters are reselling these products on the web in the "gray market" — where goods are sold through iffy distribution channels — and gleaning even more credit card data from unsuspecting online shoppers, according to Michael Reitblat, CEO of Forter.
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In Colorado, the authorities reckon that the legal businesses satisfy about 70 percent of estimated demand (and much of the remaining 30 percent is the "gray" market of people legally growing the stuff at home and covertly selling it).
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The myriad horrors of the gray-market trade in baseball players are everywhere in Ordóñez's story, and the stink of them floats through the early coverage of it even as those stories strain for the old sentimental baseball picaresque.
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"That's the birth of the gray market right there: When you have fat profit margins, it encourages middle men to get involved and offer your audience a better deal," said Darryl Randall, founder of the Miami-based website SwissLuxury.
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That started to change two years ago when, in an effort to combat gray-market sales, a number of high-end luxury brands led by Chanel took steps to reduce the price gap between goods in China and overseas.
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HONG KONG, Nov 9.63 (Reuters) - Shares of China Literature , Tencent Holdings' online publishing arm, closed more than 60 percent above above their IPO price in gray market trade ahead of what market watchers anticipate will be a blockbuster debut on Wednesday.
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And it finds ways to be very funny in its moment to moment, with interactions with, say, Sosa, the witch-obsessed, totally-not-Helena Bonham Carter horror movie enthusiast, or Doshi, the IT dude with his gray market side gig.
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But when business tails off, the manufacturers do not allow official retailers to cut sticker prices too far, fearing that big discounts will damage their brands — a policy that may push cash-strapped retailers to sell to the gray market.
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There's a lot of gray market on Amazon, or resellers on Amazon, but we don't want them to have our data, and we don't really believe in the algorithmic model where I think they do 800,000 price changes a day, or something.
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He helped me unpack what's next for this explosively popular gray market: VICE: First of all, let's clear up what I'm assuming will be a common misconception: The CBD being sold in your local organic food store is not suddenly legal, right?
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TIANJIN, China/SHANGHAI (Reuters) - In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary.
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That firm had forecast Apple wouldn't be able to sustain its growth in China, and said the pricing structure and supply of the new iPhone X won't help Apple in the short-term, even if the new phone sees gray-market success in the region.
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HONG KONG/PARIS (Reuters) - China is raising fees on packages ordered from abroad and cracking down on smugglers who carry in suitcases full of luxury goods, in a concerted effort to encourage shopping at home and squeeze a gray market that shoppers use to avoid tax.
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China, where drug approvals historically have come years after those elsewhere, has opted to accept overseas trial data to accelerate approvals after high costs and a lack of access to new treatments have forced desperate patients to turn to the gray market when they get sick.
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Apple began offering six figures rewards to hackers for discovering vulnerabilities in its products in 2016, likely due to the fact that such vulnerabilities can net millions of dollars on the gray market where they're likely to cause significantly more harm to end users in the wild.
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And the Wall Street Journal reported this week that Nike was "disappointed the deal with Amazon didn't eliminate counterfeits and give the brand more control over gray-market goods," which are legitimate items that Amazon sellers buy from distributors or retailers, rather than from Nike itself.
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For one source working directly in the N95 supply chain involved in both state-level purchasing and informally advising ad hoc groups, the biggest issue isn't GoFundMe importers or suppliers, but the middlemen profiting off both and the absence of government intervention to undermine the gray market.
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The move comes as federal regulators are putting mounting pressure on the industry in the face of illnesses that have swept across the country and have been tied to vaping (although the culprit seems to be gray-market products used for THC consumption — rather than tobacco).
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And while that's good news for the dark-gray market, the court's finding that the Marijuana for Medical Purposes Regulations (MMPR), crafted by the previous government of Conservative Stephen Harper, was violating Canadians' constitutional rights has put businesses in Canada's government sanctioned-marijuana industry on edge.
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Over three years later, I have a thoroughly more entertaining story than any tale of interstellar adventure: Thanks to a thriving gray market for virtual spaceships in a game not even released yet, I was able to wheel and deal my way to thousands of dollars in profit.
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"If you can create a certified secondary market then it's going to change a lot of the dynamic in the gray market," said Edouard Meylan, chief executive of the boutique Swiss brand H. Moser & Cie, which plans to start selling certified pre-owned models on its website this year.
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However, a sudden end to a boom in Chinese demand is forcing the brands to begin working quietly with dealers in the gray market, occasionally to help with sales but mostly to secure some influence over the unofficial resellers, according to dealers and industry executives interviewed by Reuters.
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And it shifts sales from the black market to the gray market, where people sell legal pot under the table, as well as to the legal market — weakening or even eliminating a major source of revenue for drug cartels and gangs, leaving them less able to continue funding their violent acts.
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In Sonoma County alone, an estimated 23,000 marijuana cultivation businesses are operating in a provisional gray market, with few specific regulations, and are now looking to follow the path of the wine industry, which emerged from its own prohibition eight decades ago and rose to the global prominence it enjoys today.
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From whitening toothpaste made from natural ingredients to sea-cucumber snacks that claim to fight cancer and tuberculosis, more goods are being sold in colorful ways to the growing class of "donju", or "masters of money," who generate wealth in a gray market economy that is allowed to operate but is not formally recognized.
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But once you connect it to a Mac with a proprietary Apple USB cable called "Kanzi," which can cost around $2,000 on the gray market, you are able to use other internal Apple software (that is widely shared in the jailbreaking community) to get root access on the phone and burrow deep into its software and firmware.
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As Motherboard reported at the time, the majority of independent iOS security researchers had not submitted any bugs to Apple as part of the bug bounty, mostly because doing so would hinder future research and was just not worth the trouble, given that those exploits can be sold for much more money in the gray market of exploit brokers.
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The gray market distribution of Google apps is something the Android modding scene has down to a science, and it's fairly easy to get Google apps on things that don't normally come with Google apps, like Amazon Kindle Fire devices, custom ROMs based on the open source Android code (like LineageOS), and on imported devices meant for the Google-free Chinese market.
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Usually deployed with a twinge of derogation, it clearly connoted the underclass: the working poor, farmers and laborers, those not fortunate enough to be employed in an arena that would otherwise be considered gainful and prestigious, that might allow them entry into a place like the one across the street; people lacking the savvy and connections that might help them make it big in the gray-market world of the jangmadang or the managerial gentry of the state-owned enterprises.
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