Quizzed by podcast host Ted Menmuir, Gevisser went on to emphasise the importance of governments, politicians, regulators and enforcement agencies stepping up and taking more notice of the threat of the illicit market.
Responsible regulation in particular is needed to combat the growth of the black market, Gevisser said. He then took aim at regulators “creating issues within their own regimes, which would lead to less competitiveness, less market entry by the right players and therefore a bigger availability of space for these black marketers.”
The current state of play around the black market is worrisome for the industry. However, Gevisser warned that the industry has reached this point “organically over time”.
“As certain countries started to reg..
