Add the following line to the command-line before starting the VM.
After you boot up the VM, press control-alt-1 to get to the console. Type the following.
Look for the device that you want to connect to the host. It will list a Bus, Addr, Port, and Speed. If the speed is 480 Mb/s, then you need USB 2.0 to mount it. Let’s say that the Bus and Port are 2 and 1 respectively. Then we would type the following command to mount this as a USB 2.0 device.
And that’s it. Your USB 2.0 device should work!