Most males carry one X and one Y chromosome in each cell; they inherit their single X chromosome from their mother and their Y from their father. The genes responsible for the light-sensitive proteins that constitute cone cells are located solely on the X chromosome, though, so that means males get one only copy of each gene — and just one chance for each to work properly.
Thus, if that lone copy has a mutation, they'll likely be color-blind. Females, on the other hand, typically have two X chromosomes in each cell — one from each parent. So even if one X chromosome carries a faulty version of a cone-cell gene, the other often carries a working copy that can compensate. As a result, females are much less likely to develop color blindness, although they can still carry and pass on the faulty genes that underpin the condition.