Mydx's Customers Performance

According to ProCon.org, as of March 23, 2017, 28 states and the District of Columbia have passed regulations permitting cannabis use in one form or another. According to cannabis research firm Arcview, sales of legal weed in North America rose by 34% to $6.9 billion in 2016, and based on estimates from investment firm Cowen & Co., U.S. legal sales could reach $50 billion by 2026. For added context, ArcView estimates that North American black market sales totaled $46.4 billion last year.

Given the relative youth of the industry, and the lack of federal legalization of either medical or recreational cannabis use, few practical cannabis quality control solutions exist today. Medicinal cannabis patients therefore often have a very difficult time understanding what psychotropic effects they should expect before consuming a particular strain of cannabis, even when the strain is labelled with the percentage concentration of THC or CBD, two common cannabinoids present in the cannabis plant that impact its potency and impact on the user. Both medical cannabis patients and recreational consumers deserve a practical and affordable solution to gain control over what to expect from a given strain before choosing to put it into their body. MyDx, used in conjunction with the app, is designed to enable those individuals to gain control over what they are consuming and to achieve some consistency in how they are feeling or how effectively certain symptoms are being treated. This is accomplished by having the user enter ailment relief data into the app and comparing that feeling data to the specific chemical composition of the cannabis ingested. In such manner, a database can be developed enabling MyDx users to be more deliberate as to the strain and chemical features of the cannabis they choose to procure in the future. MyDx users may also elect to develop and maintain their own personal database within the app.

Water Quality Testing Market (AquaDxTM)

According to a market research report published by MarketsandMarkets, the global Water Testing & Analysis Instruments Market was valued at $2.7 billion in 2014 and is projected to grow at a CAGR of 5.2% from 2014 to 2019 to reach a value of $3.5 billion by 2019. Trends such as increasing government regulations for water quality, environmental concerns such as water contamination & pollution, and increasing industrialization & urbanization are driving the global water testing & analysis market. The European region is the leading global manufacturer and exporter of water testing & analysis instruments.

Food Satety Testing Market (OrganaDxTM)

According to a market research report published by MarketsandMarkets, the food safety testing market, in terms of value, is projected to reach around USD 17.16 Billion by 2021, at a CAGR of around 7.4% from 2016. Global increase in outbreaks of foodborne illnesses and increase in regulations in developed countries are some of the factors driving this market. The food safety testing market is segmented on the basis of contaminant, food tested, technology, and region.

Air Quality Testing Market (AeroDx®)

According to a market research report published by MarketsandMarkets, the global Air Quality Equipment Market is expected to reach $6.147 Billion by 2019 from $3.965 Billion in 2014, growing at a CAGR of 9.15% between 2014 and 2019. The rising air pollution will be the most important growth drivers for this market in the forecast period (2012-2019). Moreover, increased health concerns and stringent air pollution control norms by government organizations are also expected to drive the market growth. However, high cost of equipment and lack of government funding for research may hinder the growth of this market.

According to ProCon.org, as of March 23, 2017, 28 states and the District of Columbia have passed regulations permitting cannabis use in one form or another. According to cannabis research firm Arcview, sales of legal weed in North America rose by 34% to $6.9 billion in 2016, and based on estimates from investment firm Cowen & Co., U.S. legal sales could reach $50 billion by 2026. For added context, ArcView estimates that North American black market sales totaled $46.4 billion last year.

Given the relative youth of the industry, and the lack of federal legalization of either medical or recreational cannabis use, few practical cannabis quality control solutions exist today. Medicinal cannabis patients therefore often have a very difficult time understanding what psychotropic effects they should expect before consuming a particular strain of cannabis, even when the strain is labelled with the percentage concentration of THC or CBD, two common cannabinoids present in the cannabis plant that impact its potency and impact on the user. Both medical cannabis patients and recreational consumers deserve a practical and affordable solution to gain control over what to expect from a given strain before choosing to put it into their body. MyDx, used in conjunction with the app, is designed to enable those individuals to gain control over what they are consuming and to achieve some consistency in how they are feeling or how effectively certain symptoms are being treated. This is accomplished by having the user enter ailment relief data into the app and comparing that feeling data to the specific chemical composition of the cannabis ingested. In such manner, a database can be developed enabling MyDx users to be more deliberate as to the strain and chemical features of the cannabis they choose to procure in the future. MyDx users may also elect to develop and maintain their own personal database within the app.

Water Quality Testing Market (AquaDxTM)

According to a market research report published by MarketsandMarkets, the global Water Testing & Analysis Instruments Market was valued at $2.7 billion in 2014 and is projected to grow at a CAGR of 5.2% from 2014 to 2019 to reach a value of $3.5 billion by 2019. Trends such as increasing government regulations for water quality, environmental concerns such as water contamination & pollution, and increasing industrialization & urbanization are driving the global water testing & analysis market. The European region is the leading global manufacturer and exporter of water testing & analysis instruments.

Food Satety Testing Market (OrganaDxTM)

According to a market research report published by MarketsandMarkets, the food safety testing market, in terms of value, is projected to reach around USD 17.16 Billion by 2021, at a CAGR of around 7.4% from 2016. Global increase in outbreaks of foodborne illnesses and increase in regulations in developed countries are some of the factors driving this market. The food safety testing market is segmented on the basis of contaminant, food tested, technology, and region.

Air Quality Testing Market (AeroDx®)

According to a market research report published by MarketsandMarkets, the global Air Quality Equipment Market is expected to reach $6.147 Billion by 2019 from $3.965 Billion in 2014, growing at a CAGR of 9.15% between 2014 and 2019. The rising air pollution will be the most important growth drivers for this market in the forecast period (2012-2019). Moreover, increased health concerns and stringent air pollution control norms by government organizations are also expected to drive the market growth. However, high cost of equipment and lack of government funding for research may hinder the growth of this market.