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Colorado’s Fentanyl Problem and the Economic Costs

Colorado’s Fentanyl Problem and the Economic Costs

Introduction


The last year has brought some relief to Colorado’s fentanyl overdose problem, but some measures may still be needed to erase the drug’s explosive fatality growth in the last decade. 


Colorado state legislators implemented stricter penalties for fentanyl possession and distribution in 2022, though those reforms have been criticized by law enforcement as not going far enough. Since the legislation’s passage, fentanyl deaths have been declining. 


There is evidence that similar measures in other U.S. states are producing similar results. In the Common Sense Institute’s drug overdose competitiveness index, Colorado’s ranking decreased through the early 2020s and remained at 2023 levels in 2024. This suggests Colorado’s declining drug overdose rates are falling less than in other states. Local drug seizure figures have declined since 2022. At the federal level, policy changes correlate to declining overdose rates as well. The southwestern border has seen fentanyl seizures fall since the fall of 2024. 


Officials should take note that fentanyl overdose rates have moved in the right direction following policy implementation. As fentanyl overdoses remain highly elevated, leaders should consider whether additional policies could press the overdose rate down even further. 

Key Findings

  • Though 2024 overdose rates and their associated economic impacts are trending downward, they are still highly elevated compared to any point before 2020. This mirrors the development of Colorado’s crime rate generally, which has recently improved from 2022 but remains far above the norm set in the previous decade.
  •  Fentanyl-related overdose deaths have declined since the passage of HB22-1326, the Fentanyl Accountability and Prevention Act. The legislation was a response to rising fentanyl overdose deaths in the state. The bill increases penalties for possessing or distributing fentanyl and it funds drug treatment and education programs.
  • Colorado’s Drug Overdose Competitive Index is still higher (30th) than it has been since 2015. This is due to increased drug overdose per capita in Colorado and improvements in other states.
  • Customs and Border Patrol Seizures of Fentanyl are down at the southwestern border. Fiscal year seizures were down 21% in 2024 and are down 29% halfway through fiscal year 2025.
  • As of December 2024, the DEA’s Rocky Mountain Field Division seized 2.7 million fentanyl pills, 3.5% more than in all of 2023.
  • The total cost of fentanyl-related overdose deaths in Colorado is on par with 2022 at $13.1B in 2024 – approximately $2,220 per Coloradan.
  • In 2023, 75% of fentanyl-related overdose deaths are male.
  • In 2023, 73.8% of fentanyl-related overdose deaths are between the ages of 25 and 54 years old.
  • Policymakers should consider recommendations in a Blueprint to Addressing Fentanyl included in this report, such as:
    • reverting to the effective drug laws that imposed stronger criminal penalties for the possession of any amount of drugs like methamphetamine, cocaine, and heroin. While the state made some strides in strengthening fentanyl possession laws with the passage of HB22-1326, the law fails to address other hard drugs that often contribute to overdoses.
    • Being proactive in anticipating whatever drug will eventually replace fentanyl.
  • Adopting a robust public health strategy with rigorous tracking criteria aimed at reducing fentanyl-related overdoses.

What is Fentanyl?

According to the Centers for Disease Control and Prevention (CDC), “Fentanyl is a synthetic opioid that is up to fifty times stronger than heroin and one hundred times stronger than morphine.” It is a major contributor to fatal and nonfatal overdoses in the U.S.

There are two types of fentanyl: pharmaceutical fentanyl and illegally made fentanyl. Both are considered synthetic opioids. Pharmaceutical fentanyl is prescribed by doctors to treat severe pain, especially after surgery and for advanced-stage cancer.

However, most recent cases of fentanyl-related overdose are linked to illegally made fentanyl, which is distributed through illegal drug markets for its heroin-like effect. It is often added to other drugs because of its extreme potency, which makes drugs cheaper, more powerful, more addictive, and more dangerous.

Illegally made fentanyl (IMF) is available on the drug market in different forms, including liquid and powder. Powdered fentanyl looks just like many other drugs. It is commonly mixed with drugs like heroin, cocaine, and methamphetamine and made into pills that are made to resemble other prescription opioids. Fentanyl-laced drugs are extremely dangerous, and many people may be unaware that their drugs are laced with fentanyl. In its liquid form, IMF can be found in nasal sprays, eye drops, and dropped onto paper or small candies.

Fentanyl and other synthetic opioids are the most common drugs involved in overdose deaths.1 Even in small doses, it can be deadly. Over 150 people die every day [nationally] from overdoses related to synthetic opioids like fentanyl.

Drugs may contain deadly levels of fentanyl, undetectable to sight, taste, or smell. It is impossible to tell if drugs have been laced with fentanyl unless tested. Test strips are inexpensive and typically give results within 5 minutes, which can be the difference between life or death. Even if the test is negative, test strips might not detect more potent fentanyl-like drugs, like carfentanil.

Fentanyl Overdose Deaths in Colorado

According to the latest data from the Colorado Department of Public Health and Environment there were 222 fentanyl-related deaths in 2019, 540 in 2020, 912 in 2021, 920 in 2022 and 1,097 in 2023.


Based on data from the CDC, Figures 1 and 2 show the change in drug overdose deaths from January 2015 through November 2024, and overdose deaths by drug type from July 2018 through November 2024.


CDC Drug Classifications are defined as follows:

  • T40.0 – Opium.
  •  T40.1 – Heroin.
  • T40.2 – Other opioids (semi-synthetic).
  • T40.3 – Methadone.
  • T40.4 – Other synthetic narcotics (fentanyl and fentanyl analogues are classified under T40.4). T40.4 also includes other synthetic opioids such as Tramadol and Demerol).
  • T40.6 – Other and unspecified narcotics.

The total number of drug overdose deaths decreased 15.7% from 1,935 in November 2023, to 1,631 in November 2024. Deaths from Fentanyl (T40.4 - Synthetic Opioids, Excluding Methadone) declined 32.4% from 1,184 in December 2023 to 801 through November 2024.

Figure 1 - Provisional Drug Overdose Deaths by Drug or Drug Type - Colorado




Figure 2 - Provisional Drug Overdose Deaths by Drug or Drug Type Change, 2018-2024 - Colorado


12-Month-ending Provisional Number of Drug Overdose Deaths by Drug or Drug Class – Colorado

 

Dec -2018

Dec -2019

Dec - 2020

Dec -2021

Dec -2022

Dec -2023

Nov -2024

% Change 2023-2024

Synthetic opioids, excl. methadone (T40.4)

130

251

586

987

992

1,184

801

-32.4%

Heroin (T40.1)

234

218

228

190

64

35

33

-5.7%

Natural & semi-synthetic opioids (T40.2)

224

238

270

290

221

199

193

-3.0%

Number of Drug Overdose Deaths

1,004

1,100

1,512

1,917

1,856

1,935

1631

-15.7%

Cocaine (T40.5)

133

135

225

274

264

295

268

-9.2%

Methadone (T40.3)

57

37

66

57

64

43

77

79.1%

Natural & semi-synthetic opioids, incl. methadone (T40.2, T40.3)

271

265

330

339

274

238

263

10.5%

Opioids (T40.0-T40.4,T40.6)

568

644

987

1300

1207

1331

1000

-24.9%

Natural, semi-synthetic, & synthetic opioids, incl. methadone (T40.2-T40.4)

356

446

809

1179

1172

1311

979

-25.3%

Total Number of Deaths

39,147

40,105

47,595

49,137

47,661

45,745

45,293

-1%

Psychostimulants with abuse potential (T43.6)

330

367

537

760

728

846

767

-9.3%

Source: Center for Disease Control and Prevention



According to data from the CDC shown in Figure 3, drug overdose deaths in Colorado from illegally manufactured fentanyl were 558 in 2020, 974 in 2021, 981 in 2022, and 1,171 in 2023 . Opioid based drug overdose deaths are 76.9% of all drug overdose deaths in Colorado a 34.9 percentage point increase from 42% in 2020. Illegally manufactured fentanyl accounts for 67.7% of all drug overdose deaths in 2023, a 25.7 percentage point increase from 2020.


Figure 3 –Fentanyl-Related Drug Overdose Deaths at the Southwest Border

Fentanyl-Related Drug Overdose Deaths

 

2020

2021

2022

2023

All Drugs Deaths

1329

1712

1662

1,730

Opioids Deaths

976

1300

1201

1,330

Illegally-Made-Fentanyl’s Deaths

558

974

981

1,171

Illegally-Made-Fentanyl’s with no other opioids or stimulants Deaths

214

405

410

430

Illegally-Made-Fentanyl’s and Methamphetamine Deaths

78

206

268

410

Illegally-Made-Fentanyl’s and Cocaine Deaths

117

138

123

124

 


Drug Overdose Death Rates per 100,000

 

2020

2021

2022

2023

All Drugs Death Rate

22.4

28.7

27.7

28.8

Opioids Death Rate

16.3

21.7

19.8

22.0

Illegally-Made-Fentanyl’s Death Rate

9.3

16.3

16.1

19.3

 


Drug Overdose Death Percents

 

2020

2021

2022

2023

All Drugs Death Percent

100%

100%

100%

100%

Opioids Death Percent

42.0%

75.9%

72.3%

76.9%

Illegally-Made-Fentanyl’s Death Percent

42%

56.9%

59.0%

67.7%

Illegally-Made-Fentanyl’s with no other opioids or stimulants Death Percent

16.1%

23.7%

24.7%

24.9%

Illegally-Made-Fentanyl’s and Methamphetamine Death Percent

8.8%

12.0%

16.1%

23.7%

Illegally-Made-Fentanyl’s and Cocaine Death Percent

8.8%

8.1%

7.4%

7.2%

Source: Centers for Disease Control and Prevention, SUDORS Dashboard: Fatal Overdose Data

Demographics of Fentanyl Overdose Deaths


The characteristics of fentanyl overdose deaths are not evenly distributed. According to the Colorado Department of Health and Environment in 2023, overdose deaths from fentanyl were 75% male and 25% female, and 59% are single never married. The age distribution of fentanyl overdose deaths is shown in Figure 4. People between the ages of 25 to 54 account for 73.8% of all fentanyl-related overdose deaths. The largest share of OD victims is between 35 and 44 years old, followed closely by those aged 25 to 34. 

Figure 4 - Age of Fentanyl Overdose Victims - 2023


Colorado Drug (all drugs) Overdose Deaths and Competitiveness Index


CSI produces a drug overdose per capita metric and competitiveness index for all fifty states and the District of Columbia. The drug overdose per capita metric is then ranked relative to all fifty states and the District of Columbia. The ranking of 1 is best, 51 is worst.

Figure 5 shows the Drug Overdose Competitiveness Index and the underlying metric for Colorado. The underlying metric, drug overdose deaths per capita increased from 0.000167 in 2015 to 0.000322 in 2024, a 92.8% increase. The Drug Overdoses Deaths per Capita Competitiveness Index decreased from 26 in 2011 to 30 in 2024. Relative to other states, the problem is getting worse in Colorado.



Figure 5 – Colorado Drug Overdose Index and Competitive Index


Fentanyl Seizures at the Southwestern Border


Colorado is a major destination for illegal drugs crossing the southwest border, so stopping the flow of drugs from the border helps to reduce availability. According to U.S. Customs and Border Patrol (CBP), fentanyl seizures at the southwest border were highest in fiscal year 2023 at 26,700 pounds. In fiscal year 2024, seizures were 21% lower than 2023 levels with 21,100 pounds. Half-way through fiscal year 2025 seizures amount to 6,730 pounds, 29% less than in 2024 at the same point in time, see Figure 6. 



Figure 6 - Fentanyl Seizures at U.S. Southern Border (Source: CBP)

A graph of a patient's weight AI-generated content may be incorrect.

Fentanyl and Narcotics Seizures in Colorado


The Drug Enforcement Agency Rocky Mountain Field Division’s (RMFD) 2023 year in review reported record fentanyl seizures in calendar year 2023. The RFMD is responsible for 450,000 square miles of territory with thirteen offices across Colorado, Utah, Wyoming, and Montana. In 2023, the RMFD seized more fentanyl pills than any previous year. Seizure statistics by state are shown in Figure 7.


In 2023, Colorado had the most fentanyl seizures by the RMFD by far with 425.6 kilograms, enough to kill everyone in the state thirty-six times over. This is followed by Utah with 119.5 kilograms, Montana with 17.87 kilograms, and Wyoming with 4.58 kilograms. The total for the RMFD region was 567.24 kilograms, enough to kill 86% of all Americans.



Figure 7 – DEA Rocky Mountain Field Division Fentanyl Seizures in 2023

DEA Rocky Mountain Field Division Fentanyl Seizures in 2023


Quantity Seized

Milligram

Equivalent

Lethal Dosage

Potential Deaths (people)

Population of State

Potential Deaths per Person

Colorado

425.6 kg

425600000 mg

2 mg

212,800,000

5,839,926

36.44

Montana

17.87 kg

17,870,000 mg

2 mg

8,935,000

1,122,867

7.96

Utah

119.3 kg

119,300,000 mg

2 mg

59,650,000

3,380,800

17.65

Wyoming

4.58 kg

4,580,000 mg

2 mg

2,290,000

581,381

3.94

Total

567.24 kg

567,240,000 mg

2 mg

283,620,000

10,924,974

25.96


Despite the decline in seizures at the southwestern border, in December 2024, the RFMD announced that through November 2024 they had seized a record 2.7 million fentanyl pills, an increase of 3.5% over the 2023 full year seizures of 2.61 million pills. 


Another source of data for the number of narcotics seizures over time is the Colorado Bureau of Investigations Colorado Crime Stats, which continuously collects crime data from all law enforcement agencies in the state, validates the data, and reports it. The data does not specifically isolate fentanyl from other narcotics, but since fentanyl represents a large share of total narcotics, it offers an indication of the growth in fentanyl seizures over time.


In 2008, the number of drug seizure reports for narcotics was 3,639 with 4,044 units seized. By 2023, the number of reports peaked at 7,434, a 104.3% increase, and the units seized rose to 150,844. In 2024, the number of reports declined to 7,391, a decrease of 0.6%, and the units seized increased to 189,589, a 25.7% increase, see Figure 8. 



Figure 8- Narcotics Seizures in Colorado (Colorado Crime Stats)

The Economic Cost of an Opioid Overdose


The Center for Disease Control and Prevention (CDC) methodology from “State-Level Economic Costs of Opioid Use Disorder and Fatal Opioid Overdose – United States, 2017” was used to estimate the cost of an opioid overdose in Colorado. The CDC estimated the cost of fatal opioid overdoses for thirty-eight states and DC in 2017. For Colorado, they found the total cost of all fatal opioid overdoses in 2017 to be over $6.7B. The CDC used a case count of 578 fatal opioid overdoses, a per death cost of $11.5M. Using this same approach, CSI estimated the cost per death and total costs in 2018 through 2024 by inflating the per death costs in each category by the Personal Consumption Expenditure Price Index (excluding energy and food). This raises the cost per opioid related death from $16.1M to $17.1M. The total cost of any type of fatal opioid overdose in 2024 cost Colorado about $16B. Fentanyl alone accounted for 77% of all opioid overdose costs, making the 2024 total cost of overdose deaths attributable to fentanyl $13.1B, see Figure 9.


Figure 9 – Economic Cost of Opioid Overdose Deaths in Colorado

Total Economic Cost of Any Opioid Overdose Death in Colorado


Number of Opioid Overdose Deaths

Healthcare Costs

Lost Productivity

Value of Statistical Life Lost

Total Cost per Death

Total Cost for all Opioid Deaths

Total Cost Attributed to Fentanyl Overdose

2017

578

$5,536

$1.4M

$10.1M

$11.5M

$6.7B

$1.3B

2018

543

$5,749

$1.5M

$10.5M

$12.0M

$6.5B

$2.3B

2019

620

$6,025

$1.6M

$11.0M

$12.6M

$7.8B

$4.4B

2020

976

$5,873

$1.5M

$10.7M

$12.2M

$11.9B

$8.5B

2021

1300

$6,589

$1.7M

$12.0M

$13.7M

$17.8B

$11.1B

2022

1207

$7,294

$1.8M

$13.3M

$15.2M

$18.3B

$13.2B

2023

1375

$7,735

$2.0M

$14.1M

$16.1M

$22.1B

$16.B

2024

1000

$8,184

$2.1M

$14.9M

$17.0M

$17.0B

$13.1B


Recent State Legislation Related to Fentanyl


Since 2022, no new legislation has passed in the state of Colorado. In 2022, the Colorado State Legislature passed HB22-1326, the Fentanyl Accountability and Prevention Act. The legislation was in response to rising fentanyl overdose deaths in the state. The bill increases penalties for possessing or distributing fentanyl, and it funds drug treatment and education programs. HB22-1326 came after the passage of HB19-1263 that made possession of four grams or less of most drugs, including fentanyl, a misdemeanor rather than a felony.


According to the Council of State Governments West (CSG West), as of 2024, of the 444 bills introduced in 13 western states in recent years, Utah has enacted the highest percentage of fentanyl legislation introduced (76.5%), see Figure 10. Colorado is second with an enactment rate of 61.1%, followed by Nevada (50%) and Idaho (48.3%). Bills have been focused on drug trafficking, education and awareness, and creation of task forces aimed at specific facets of the fentanyl endemic.


Figure 10 - Fentanyl Legislation in Western States (Source: Council of State Governments West (CSG West) 

A graph with green line and blue line AI-generated content may be incorrect.

In 2024, Representative Mike Lynch and Senator Byron Pelton introduced HB24-1306, which would have increased the criminal penalty associated with possession of synthetic opiates. The bill sought to make the possession of any material, compound, mixture, or preparation that contains any quantity of fentanyl a level 4 drug felony. The legislation, HB24-1306, was killed in the House Judiciary Committee and never made it to a floor for a vote. 

A Colorado Blueprint to Addressing Fentanyl


The fentanyl epidemic coincided with the decriminalization of possession of hard drugs in House Bill 19-1263, which made it a misdemeanor to possess 4 grams or less of drugs like fentanyl. Fentanyl is often used in conjunction with other hard drugs, such as cocaine and methamphetamine. Hundreds of Coloradans die each year from non-fentanyl overdoses, and hundreds more die from mixed drug toxicity, e.g. fentanyl combined with other drugs. 


Specific recommendations that could address the growing challenges associated with fentanyl include:


Stronger criminal penalties for the possession of any amount of drugs


Policymakers should strongly consider reverting to the effective drug laws that imposed stronger criminal penalties for the possession of any amount of drugs like methamphetamine, cocaine, and heroin. While the state made some strides in strengthening fentanyl possession laws with the passage of HB22-1326, legislators failed to address other hard drugs that often contribute to overdoses. 


To date, it remains a misdemeanor to possess one gram of fentanyl, which is equivalent to 1000 milligrams. It is widely recognized that 2mg of fentanyl is enough to kill an average American, meaning that it remains a misdemeanor to possess enough fentanyl to kill five hundred individuals. The amount of fentanyl seized in Colorado in 2023 would have been enough to kill  at least one in three Coloradans. Colorado policymakers should make it a class 4 drug felony to possess any amount of fentanyl, ensuring sufficient consequences to incentivize treatment through successful programs like drug courts. 


Policymakers should be proactive in identifying and preventing the drug that eventually supplants fentanyl.


The fentanyl epidemic first took root in the country's coastal cities before eventually arriving in Colorado. It is common that new drug trends typically begin in the country's largest cities, and Colorado's policymakers should be forward-thinking and anticipate when the next synthetic drug might arrive in the state. To address the challenges associated with fentanyl, policymakers and law enforcement leaders should be proactive in identifying and preventing the drug that eventually supplants fentanyl.


A comprehensive public health strategy needed and careful monitoring progress for results 


The fentanyl epidemic cannot be solved through enforcement alone. A comprehensive public health strategy, paired with targeted law enforcement and community support, is essential.  Colorado should work collaboratively to implement these policies to save lives, reduce harm, and address the root causes of substance abuse and ensure that the public health and harm reduction aspects of HB22-1326 are being implemented.


House Bill 22-1326 not only increased criminal penalties for fentanyl-related offenses but also funded four public health initiatives: naloxone accessibility, fentanyl test strip distribution, fentanyl treatment, and the development of a fentanyl education program. After three years, the governor and legislative leaders should ensure these initiatives have been effectively implemented and are reducing fentanyl-related harm as intended. The results of how these preventive measures are working should be made available to the public.


Education and Public Awareness Programs are   Needed 


Policymakers should support comprehensive education programs in schools to inform youth about the dangers of fentanyl. The state could also launch public awareness campaigns targeting at-risk populations, as was done with methamphetamine billboards, etc.  


Other Recommendations 


Support specialized training for law enforcement officers on handling fentanyl-related incidents safely and allocate resources for advanced detection equipment to identify fentanyl during investigations. And, finally, the state should continue funding multi-agency task forces to disrupt and dismantle drug trafficking organizations.

Bottom Line 

A series of negative outcomes followed the bill which reduced the penalty for possession of deadly drugs to a misdemeanor, HB19-1263. The legislation that followed in 2022 took the state in the right direction, but based on the findings in this report, there is more needed to prevent more fentanyl-related deaths. 

To the extent that fentanyl deaths have decreased, they have done so following state-level policy changes and tightened measures at the southern border. Measures that continue the work established in 2022 could be bolstered with additional penalties and supplemented with a targeted public health campaign complete with rigorous performance tracking.

Colorado’s legislature should work to reduce the human and economic costs of fentanyl overdoses by recognizing that legislation has a direct impact on behavior. Public safety is a foundational responsibility for a government, and its economic consequences are real. Colorado leaders should consider making a felony out of any amount of fentanyl, as proposed under HB24-1306, and adopt necessary preventative measures, training, and education programs in the meantime. 

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