MYDX: A Review Of The Cannabis Analyzer
In current society, cannabis is not as safe and transparent as it once was. Due to rising popularity and the current green rush, most dispensaries can’t guarantee what the contents of your product are.
The problems stem from the massive and rapid scaling of small operations, inexperience of supervising officials, huge differences in state and federal law, the use of pesticides and the lack of research. In reaction to the development of these problems, MyDx has begun a journey to combat the lies that are currently within the cannabis community.
Due to the large and growing size of cannabis users, it is key that the deciding factor upon the direction and improvement of cannabis stays in relation to the consumers, who will be directly impacted through their experience, health, and finances.
What is MYDX?
MyDx is a publicly traded cannabis company that was established in 2013. Their mission is to help people achieve a healthier lifestyle by finding how organic or pure the cannabis they are consuming is. MyDx is currently gathering and testing data analytics on a global scale to trail what chemical profiles consumers are using and what specific reasons they are being used for, this is meant to help bridge the unknown variables of each strain and how they affect different types of people.
The Founder and CEO of MyDx, Daniel Yazbeck, believes this will change the process of studying and creating new drugs in years to come. This will be achieved through MyDx’s dataset of 40K+ and growing data-points stemming from four classes of data and algorithms: user data, chemical composition data, user feedback, and usage statistics.
They have created a chemical analyzer device kit which allows cannabis users to obtain the chemical composition of cannabis through a Bluetooth connection to an app on any Android or apple cellular device. This kit can also be used to test the quality of your water, air, vegetables, fruits, and plants.
How Does MYDX Work?
The MyDx smart device contains technology patented over 2 generations by Jet Propulsion Laboratory and is used by NASA for chemical detection. The MyDx kit uses these engineered technologies to act as an electronic nose in order to sense certain molecules within vapor.
The MyDx uses gas flow, an over-the-sensor technology that starts a chemical release process that reveals what chemicals are currently present.
In consumer terms, you need to insert one of the purchased “Dx” sensors (Ex: OrganaDx, AquaDx, AeroDx, CannaDx) into the kit and one of the provided inserts which will hold the sample. The last step would be to download the MyDx app and connect it to your portable analyzer. The whole process of analyzation takes anywhere from 6 – 8 minutes according to consumer reviews.
The data then provides the profile of the substance that is being tested such as terpenes, CBD, THC, and other compounds for cannabis. For things such as vegetables, fruits, water, and air it currently only offers a pass or fail result.
The MyDx app and the analyzer work in tandem to crowdsource preclinical data straight from consumers in order to push innovation in general cannabis quality, transparency, and technology.
The app also has the ability to search through cannabis profiles based on how you’re feeling, what you want to feel, what to expect out of certain cannabis strains and ratings are given from the other thousands of consumers. This could include things such as creativity, pain, sleeplessness and many other desirable traits or ailments to heal.
Why Should You Analyze Cannabis?
Just like any plant, fruit or vegetable that is sold commercially, profit, production, and scale become strong influencing factors. Companies and farmers will use certain products and methods to minimize the loss of product from many different factors. Other times distributors can alter cannabis fact statements in order to list higher prices per gram.
Another common problem is that operations grow at such a high rate that protocols and processes are not scaled and supervised correctly when small operations turn into massive warehouses. Testing cannabis will help keep consumers safe from using cannabis that holds toxic qualities such as pesticides, metals and residual solvents.
On the other hand, it can also help consumers audit the strains of cannabis they were sold in order to treat the correct ailments and push transparency of cannabis strain origins.
The use of pesticides in cannabis is a big concern for consumers, companies, and farmers. Many growers have been found to contain illegal amounts of pesticides whether they had used them or not. As there are many ways for pesticides to contaminate a plant, the most concerning part is that a contaminated plant will create contaminated clones and keep the pesticides within their tissues for up to a couple of years.
This means that even farmers who are driven to do the right thing and want to produce pure products in an ethical manner can be slapped with pesticide violations.
Since cannabis is illegal on a federal level, the Environmental Protection Agency is not able to conduct the rigorous amount of product testing that is usually done to obtain certified pesticides for other product such as vegetables and fruits. Another factor is that the health effects of inhaling and eating pesticides are very different and have not been tested in-depth and there are not stockpiles of data available to comb through.
Along with the limited certifications and testing that the illegal status of cannabis permits. There is also the fact that US agencies are not used to dealing with crops in certain conditions in large field sizes, makes for a highly variable of results and creates a lack of instinctual observations which is only gained through experience.
Residual Solvents Can Be Harmful
Residual solvents are the remaining detectable traces of solvents (liquid and gas) used during the manufacturing process of every good. The most widely used solvents are propane, butane, hexane ethanol, and acetone which are toxic if consumed or inhaled.
These compounds are usually used to clean up oil, grease, machinery, tools and are prominent in the manufacturing of pharmaceutical goods.
Both flower versions and oil versions of cannabis hold potential contamination points during certain stages such as the trimming of plants, grinding of cannabis, extraction of THC or CBD oils, purification of products and bottling of goods. The good news is that residual solvents can be solved with the due diligence of the company to ensure that the right protocols are followed, employees are trained properly and regular testing is conducted.
However, this is the case for every industry, but there are still companies who fail to meet the baseline requirements.
MYDX And The Cannabis Counterfeit Index
MyDx has gathered and continues to gather massive amounts of relative data to cannabis names, chemical profiles, and effects pertaining to certain individuals and their biology. This data creates the ability to point out counterfeit cannabis, not in terms of actually being cannabis, but being of a specific strain and quality.
This data will eventually help create total transparency in cannabis profile statements on what consumers are buying and allow for fairer pricing. In the market of cannabis, certain strains have claimed mass fame and popularity due to its quality and vocal support from well-known figures.
With fame, popularity, and quality, you can bet that comes with a higher price tag per gram, which dispensaries are happy to provide.
These data statements will have a huge impact on the market of cannabis. For example, MyDx data already shows that widespread names such as Gorilla Glue, Green Crack, and OG Kush have an average difference of 80% and up in their chemical profiles. Yielding such big differences in quality will also separate growers into more distinct categories of quality and skill.
MyDx has recently joined an agreement to allow an outside party licensor to access its dataset in order to create the “Counterfeit Index” which with time will only get better at determining what names do not match their chemical profile. This will help push for pricing and all statements to truthfully reflect the contents of each product, rather than hype or exclusivity.
It also means that every batch of every strain must be tested as not all cannabis is created the same, which will create more specific categories in dispensaries such as, low-grade and high-grade versions of the same strain.
An example of where this will help that is not theoretical is in California where the legalization of recreational cannabis has taken place. Following legalization, every product that is stated to contain cannabis must be tested and have statements of its chemical makeup mainly regarding THC and CBD quantities.
This will be made easy and much cheaper for smaller distributors and dispensaries to provide accurate chemical readings because of the non-essential need for an expensive laboratory dedicated for testing through the implementation of the MyDx kit.
It also means that customers can obtain chemical makeup statements without having to ask and will be able to verify these statements on the spot or from the comfort of home.
MYDX Stock Value
The initial public offering statement of MyDx stock was in April of 2015 at $2.10. The stock peaked at $2.81 and has experienced a gradual descent to fluctuate between $0.0024 and $0.0096 over the past 2 years. As of September 21, 2018, the stock sits at 0.0024, a volume of 39.1 million and is currently down 12.04%.
A large part of this is due to its opening share-count exploding in reaction to conversions of MyDx’s debt to equity since its initial offering.
The portable MyDx kit allows cannabis consumers to audit the chemical profile of their cannabis in order to ensure they are getting the correct strain and quality they are paying for. They also have the ability to check for metals and pesticides within the air they breathe, the water they drink and the food they are eating.
Over time devices such as the MyDx will continue to push transparency, quality and consistency to its limits.