Colorado voters have approved a ballot initiative to make marijuana legal for adults and regulate it in a manner similar to alcohol.

According to the latest election numbers from Secretary of State Scott Gessler's website, 53.30% of voters are in favor of the amendment and 46.70% of voters opposed the measure.

According to a news release from Amendment 64 campaign leaders, a news conference will be held on Wednesday at 11:00 a.m. to discuss the next steps.

It will be held at the Civic Center Park in Denver.

Amendment 64 removes criminal penalties for possession and home-growing of limited amounts of marijuana, establishes a system of state and locally regulated and taxed marijuana production and sales, and allows for the legal cultivation of industrial hemp, according to campaign leaders.

Continue to follow KJCT as we learn more about how the state will move forward with regulation.