Select2 Html Template

HTML

<script src="https://cdnjs.cloudflare.com/ajax/libs/jquery/3.2.1/jquery.min.js"></script>
<link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/select2/4.0.3/css/select2.min.css">
<script src="https://cdnjs.cloudflare.com/ajax/libs/select2/4.0.3/js/select2.min.js"></script>
<select style="width: 50%"></select>

JavaScript

var data = [{
   id: 0,
   text: 'enhancement',
	html: '<div style="color:green">weqwqwe</div>'
}, {
   id: 1,
   text: 'bug',
	html: '<div style="color:red">fasfsaafs</div><div><small>This is somesasdasddasdas small text on a new line</small></div>'
}];

function template(data) {
	return data.html;
}

$("select").select2({
   data: data,
   templateResult: template,
   escapeMarkup: function(m) {
      return m;
   }
});