The cannabis world received mixed news last week. On the one hand, the House Financial Services Committee voted in favor of a bill that would allow marijuana businesses to work with banks and credit unions, the SAFE Banking Act, allowing it to advance to the House floor . On the other hand, the state of New Jersey cancelled its vote on a bill that would legalize recreational cannabis due to a lack of support from legislators. “There have been so many advancements in cannabis, that many in the industry just feel like there will be no barriers in the way,” Debra Borchard, CEO of Green Market Report, told Benzinga. “However, New Jersey was a good reminder that there are still lots of people with concerns. It's still an infant industry with a long way to go.” Commenting on the SAFE Banking Act, Kyle Detwiler, CEO of Northern Swan Holdings said, “This is a great step forward for the industry as a whole, and this should improve efficiency and worker safety… We hope this is a stepping stone towards full legalization which will allow greater competition, product innovation and patient health.” The Cannabis Capital Conference is coming back to Toronto April 17-18!