But there is one potential stumbling block: a tax. Lawmakers are talking about a pretty hefty tax that they want to impose on the drug once it becomes available commercially.
Murphy and lawmakers say they're looking at Oct 29 as the day the state Legislature should pass a bill legalizing marijuana in New Jersey. It's not clear if the governor would actually sign it that day, or right afterward.
Murphy was asked about marijuana legalization during a recent Facebook live interview, and he told the audience that he's looking at signing something "sooner than later." You can watch him speak about it below.
"We've had good exchanges with both the legislative leadership sponsors and, most importantly, the teams in the trenches crafting this," Murphy said. "I think it's sooner than later."