Visible light communication (VLC) can provide a dedicated, secure, and high data rate wireless transmission link. It has gained considerable attentions recently, and is considered as one of the promising technologies for beyond 5G mobile and wireless communications. In this work, we demonstrate a VLC system with a recorded data rate of 40.665 Gbit/s using tricolor red, green and blue (RGB) laser diodes (LDs) and polarization multiplexing. 2 m free-space transmission distance is achieved. The implementation of bit-loading, power-loading, and polarization multiplexing are discussed. Experimental bit-error-ratio (BER) results show that each of the 6 polarization and wavelength de-multiplexed channels can achieve the forward-error-correction (FEC) requirement.