From https://cpw.state.co.us/aboutus/page...wild-pass.aspx


This new annual pass gives all Coloradans access to state parks and the added benefit of supporting our great outdoors and wildlife in a meaningful way.​

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When you buy the pass, a Colorado Parks and Wildlife logo is printed on your registration card.

​​The pass is not transferable between vehicles and is linked to your license plate and registration card.

Keep your registration card/pass in your car when you enter a state park. The pass can also be linked on the myColorado app​ or My CPW app (See the Keep Colorado Wild Pass - Link to CPWshop.com Guide​)​.​
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The pass provides car, bike and foot entry into all Colorado state parks. To find a Colorado state parks map, use the CPW State Park Finder Tool. This pass does not currently grant access to federal recreation fee areas, state wildlife areas or state trust lands.​ Activities such as camping, fishing or hunting will still require the appropriate reservations or licenses.​​
ETA:

All regularly priced Colorado state park passes are still available.​​