To allow the use of USB, we must add the user to the vboxusers group, this can be done with:
sudo /usr/sbin/usermod -aG vboxusers $USER
substitute $USER for a user other than the current user if needed.
Also worth doing is adding a directory for VM's such as /DATA/VM
We should then change the group to vboxusers by:
sudo chgrp -R vboxusers VM
and also set the group inheritance by
sudo chmod g+s VM
this ensures that any new files also have the vboxusers group.