House Bill 2353, House Amendment 1and Senate Bill 316, Senate Amendment 1(HB 2353/ SB 316) create the Cannabis Regulation and Taxation Act and amends the Cannabis Control Act. The proposal legalizes possession of under28 grams of cannabis by Illinois residents;possession of under14 grams for nonresidents; possession of five or fewer cannabis plants; and possession of cannabis paraphernalia.Other penalties, including for manufacture and delivery, remain the same unless the manufacturer or seller complies with the new regulations.This fiscal analysis focuses solely on the changes to the Cannabis Control Act. Additional impacts from legalization of cannabis on public health and traffic safety,as well as the illegal drug markets are uncertain and not included at this time.