Is anyone else noticing that the State of Colorado tax return is in a pending status nearly a week after completing via TurboTax?

The pending status means that your state return hasn't been accepted or rejected yet. Some states start processing e-filed returns at the same time as the IRS, but CO didn't until February 12th. 

 Please see the TurboTax article Why is my state e-file still pending?  Link to Check my CO refund.

There is a difference between pending and accepted and approved.  You should not see a status of approved in TurboTax.  TurboTax stops having information once your return is accepted.  

Colorado has advised taxpayers to give 2 weeks from the 12th before they start checking the status of their refund.  They have a backlog due to so many people filing returns prior to them being prepared to accept the returns.  Colorado State Tax Return Delay 

Some sources are now saying it may take 3 to 4 weeks.

Basically, this means that TurboTax, along with every other Tax software company, put every one's CO return in the "electronic mailbox"  CO was not totally ready and so the "mailbox" is clogged up because they had over a months worth of "mail" in their box waiting for them that came in all at the same time from probably half of the 2.5 million people who file returns in CO through different tax software programs.  So, they keep having to unjam the "electronic mailbox" before they can accept more.  When TurboTax shows it as Pending, it does means, it has been sent to that electronic mailbox and then it is just waiting for the state to "sort through their mail".

Just an FYI , this thread originated in 2024. But yes, my CO return is also pending this year for over a week - in 2025.