The governor of New Mexico has signed a budget bill that provides nearly $800,000 in funding to support the state’s therapeutic psilocybin research efforts, including financial assistance to help low-income residents access treatment with the psychedelic.
Gov. Michelle Lujan Grisham (D) gave final approval to the budget legislation on Wednesday that stipulates that $150,000 will go toward medical psilocybin treatment equity fund “to support medical psilocybin efforts.” Another $480,000 is generally earmarked for the psychedelic access equity fund.
Additionally, the legislation allocates $150,000 to the University of New Mexico for a psilocybin-assisted therapy research program.
Another section of the budget bill the governor signed states that the time period for a $1 million appropriation to the Department of Health to administer the psilocybin program is being extended through the end of the 2027 fiscal year. Last year, the department separately announced that the program would be launching on an expedited timeline, potentially starting as early as this December.
Lujan Grisham signed the underlying medical psilocybin bill last year, It’s meant to allow patients with certain qualifying conditions to access the psychedelic and use it under the guidance of a licensed healthcare provider.
The law states the purpose “is to allow
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