I disagree about taking wax off. Scrap or burn wax off sides but leave ends sealed. The other option you have is cut, dill, glue up, turn and finish.
Blanks completely sealed in wax will not gain or lose moisture. It is better to have a blank crack or spilt before you drill, glue and try to turn. Or have it crack/split later.
Best way to check moisture content of blanks is weigh them with an inexpensive postal or kitchen scale. Weigh them after you scrap wax off sides and let the hang out for couple weeks or months. When blank has reached EMC you will notice it has stopped losing weight. You want your blanks to reach EMC before you turn them.