VIDEO: Gov. Murphy Signs 5 Bills Into Law, Updates On Marijuana
Some lawmakers believe that taxing marijuana too high would create a black market that could sell pot at a cheaper price.
"You want to drive the black market out just like we did in sports betting," Murphy said, saying the debate will center on "what level do you price the tax that you feel confident that you push the black market out."
"We have different opinions on what that level is," said Murphy, who also said there needs to be some resolution on the social justice element of the legislation.