Technically speaking? Yes. However, printing photos with laser printers is very impractical.
First, photo paper for laser printers is hard to find and very expensive. Also, the black toner used in laser printers isn’t actually pure black. It’s more like very dark grey. For documents and charts this doesn’t matter, but for photos you’ll notice the difference.
If your primary goal is to make a lot of prints and save a bunch of money, then a color laser printer is a great idea. If your primary need is to print photos, then you should purchase an inkjet photo printer.