What are the benefits of CO2 laser resurfacing?

The CO2 laser has become more and more popular as newer indications continue to come out in literature for its use. It is known to be capable of dramatically reducing common signs of aging and correcting acne scars by creating the following changes in the skin:

Gives glow to the skin by improving skin texture and tone.
Drastically reduces fine skin wrinkles by increasing collagen formation.
Reduces the appearance of large pores.
Removes sun-damaged skin and skin blemishes.
Removes skin discoloration.
Improves scars, including acne scars.
Reduces the appearance of stretch marks.
Tightens the skin when deeper treatment is performed.